Weatherford International PLC (NYSE:WFT)’s share price fell 4.3% during trading on Tuesday . The company traded as low as $3.24 and last traded at $3.10. 11,958,562 shares were traded during trading, a decline of 45% from the average session volume of 21,683,525 shares. The stock had previously closed at $3.24.

A number of research firms have commented on WFT. Royal Bank Of Canada set a $6.00 price objective on Weatherford International and gave the stock a “buy” rating in a research note on Sunday, November 12th. Citigroup downgraded Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 target price on the stock. in a report on Monday, November 6th. Sanford C. Bernstein raised Weatherford International from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Societe Generale raised Weatherford International from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley reduced their target price on Weatherford International from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $6.07.

The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04.

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

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 transaction of $77,525.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new position in Weatherford International during the 3rd quarter worth $123,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Weatherford International by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 500 shares in the last quarter. Crawford Investment Counsel Inc. raised its position in shares of Weatherford International by 68.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after acquiring an additional 15,000 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Weatherford International by 63.2% in the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 15,178 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of Weatherford International by 262.4% in the 2nd quarter. First Mercantile Trust Co. now owns 39,500 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 28,600 shares in the last quarter.

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Weatherford International Company Profile

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