Weatherford International PLC (NYSE:WFT) released its quarterly earnings results on Friday. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.28), MarketWatch Earnings reports. Weatherford International PLC had a negative return on equity of 47.36% and a negative net margin of 60.22%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted ($0.28) EPS. The firm’s revenue was down 2.8% on a year-over-year basis.

Weatherford International PLC (NYSE WFT) traded down 2.51% during midday trading on Friday, reaching $4.27. The company had a trading volume of 23,638,968 shares. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09. The firm has a 50-day moving average of $4.08 and a 200-day moving average of $5.27. The stock’s market cap is $4.20 billion.

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Several analysts recently weighed in on the company. UBS AG restated a “buy” rating and set a $8.00 target price (down previously from $9.00) on shares of Weatherford International PLC in a research note on Tuesday, May 2nd. Barclays PLC upgraded Weatherford International PLC from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $7.00 to $6.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada set a $8.00 target price on Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Sanford C. Bernstein downgraded Weatherford International PLC from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $7.00 to $5.00 in a research note on Thursday, July 6th. Finally, Jefferies Group LLC restated a “hold” rating and set a $6.00 target price on shares of Weatherford International PLC in a research note on Friday, May 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $6.55.

In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $5.19, for a total value of $90,825.00. Following the completion of the sale, the vice president now directly owns 296,625 shares in the company, valued at $1,539,483.75. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Several large investors have recently modified their holdings of WFT. Baldwin Brothers Inc. MA purchased a new position in shares of Weatherford International PLC during the first quarter valued at approximately $100,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Weatherford International PLC by 13.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 1,899 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Weatherford International PLC during the first quarter valued at approximately $109,000. BKD Wealth Advisors LLC increased its position in shares of Weatherford International PLC by 9.5% in the first quarter. BKD Wealth Advisors LLC now owns 16,884 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 1,471 shares in the last quarter. Finally, Two Sigma Securities LLC increased its position in shares of Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,238 shares in the last quarter.

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.

Earnings History for Weatherford International PLC (NYSE:WFT)

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