Weatherford International PLC (NYSE:WFT) had its target price trimmed by Morgan Stanley from $5.50 to $5.00 in a research note released on Thursday morning. The brokerage currently has an overweight rating on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies set a $6.00 price objective on Weatherford International PLC and gave the company a buy rating in a report on Saturday, July 29th. Credit Suisse Group reissued a buy rating and issued a $6.00 price objective on shares of Weatherford International PLC in a report on Tuesday, August 1st. BMO Capital Markets reissued a buy rating and issued a $4.75 price objective (down previously from $7.00) on shares of Weatherford International PLC in a report on Thursday, July 13th. UBS AG reissued a buy rating and issued a $6.00 price objective (down previously from $8.00) on shares of Weatherford International PLC in a report on Thursday, July 6th. Finally, Scotiabank reissued a buy rating on shares of Weatherford International PLC in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $6.13.

Weatherford International PLC (NYSE WFT) opened at $3.99 on Thursday. Weatherford International PLC has a 12-month low of $3.16 and a 12-month high of $7.09. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44.

Weatherford International PLC (NYSE:WFT) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.39) EPS. sell-side analysts anticipate that Weatherford International PLC will post -1.02 earnings per share for the current fiscal year.

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In related news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction 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 owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.16% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 500 shares during the period. Wedbush Securities Inc. increased its position in shares of Weatherford International PLC by 2.3% in the second quarter. Wedbush Securities Inc. now owns 50,613 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 1,146 shares during the period. Wrapmanager Inc. increased its position in shares of Weatherford International PLC by 3.2% in the second quarter. Wrapmanager Inc. now owns 87,639 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 2,754 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Weatherford International PLC by 8.9% in the second quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 4,497 shares during the period. Finally, KLCM Advisors Inc. increased its position in shares of Weatherford International PLC by 0.9% in the second quarter. KLCM Advisors Inc. now owns 539,333 shares of the oil and gas company’s stock worth $2,087,000 after purchasing an additional 4,776 shares during the period.

Weatherford International PLC Company Profile

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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