Deutsche Bank AG started coverage on shares of Weatherford International PLC (NYSE:WFT) in a report released on Tuesday morning. The brokerage issued a buy rating and a $6.00 price target on the oil and gas company’s stock.

A number of other equities research analysts have also commented on WFT. BidaskClub lowered Weatherford International PLC from a sell rating to a strong sell rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $8.00 price objective on Weatherford International PLC and gave the stock a buy rating in a research report on Saturday, June 24th. Citigroup Inc. raised their price objective on Weatherford International PLC from $5.30 to $5.60 and gave the stock a buy rating in a research report on Thursday, October 5th. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the stock a buy rating in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded Weatherford International PLC from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $6.18.

Weatherford International PLC (WFT) opened at 4.055 on Tuesday. Weatherford International PLC has a 1-year low of $3.39 and a 1-year high of $7.09. The firm’s market cap is $4.01 billion. The stock’s 50 day moving average is $4.17 and its 200-day moving average is $4.66.

Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted ($0.28) EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts forecast that Weatherford International PLC will post ($1.04) EPS for the current year.

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In related news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the transaction, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.16% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Intl Fcstone Inc. raised its stake in shares of Weatherford International PLC by 132.9% in the 2nd quarter. Intl Fcstone Inc. now owns 129,951 shares of the oil and gas company’s stock valued at $503,000 after acquiring an additional 74,158 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Weatherford International PLC by 65.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 67,941 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 26,974 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Weatherford International PLC by 113.0% in the 2nd quarter. Verition Fund Management LLC now owns 190,524 shares of the oil and gas company’s stock valued at $737,000 after acquiring an additional 101,074 shares in the last quarter. Schneider Capital Management Corp raised its stake in shares of Weatherford International PLC by 0.5% in the 2nd quarter. Schneider Capital Management Corp now owns 5,814,416 shares of the oil and gas company’s stock valued at $22,502,000 after acquiring an additional 31,400 shares in the last quarter. Finally, Capital Innovations LLC bought a new position in shares of Weatherford International PLC in the 2nd quarter valued at approximately $352,000.

About Weatherford International PLC

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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