Weatherford International (WFT) Shares Gap Down to $2.39

Weatherford International Plc (NYSE:WFT)’s share price gapped down prior to trading on Friday . The stock had previously closed at $2.38, but opened at $2.39. Weatherford International shares last traded at $2.46, with a volume of 14279467 shares changing hands.

Several equities analysts have recently issued reports on WFT shares. Loop Capital set a $5.00 target price on Weatherford International and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research raised Weatherford International from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Jefferies Group lowered Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 target price for the company. in a report on Thursday, January 4th. Bank of America raised Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 target price for the company in a report on Tuesday, January 16th. Finally, UBS set a $6.00 target price on Weatherford International and gave the company a “buy” rating in a report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.20.

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The company has a debt-to-equity ratio of -13.21, a quick ratio of 1.19 and a current ratio of 1.74. The firm has a market cap of $2,444.29, a P/E ratio of -0.84 and a beta of 2.31.

Weatherford International (NYSE:WFT) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.12). Weatherford International had a negative net margin of 49.36% and a negative return on equity of 114.20%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. Weatherford International’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts expect that Weatherford International Plc will post -0.61 earnings per share for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 17,931 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $4.34, for a total transaction of $77,820.54. Following the sale, the vice president now owns 238,471 shares in the company, valued at $1,034,964.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Douglas M. Mills sold 15,223 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.07, for a total value of $61,957.61. Following the sale, the vice president now owns 256,402 shares in the company, valued at approximately $1,043,556.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,226 shares of company stock worth $165,523. 0.44% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new stake in shares of Weatherford International during the fourth quarter worth $104,000. Investors Research Corp purchased a new stake in shares of Weatherford International in the fourth quarter worth $105,000. Balentine LLC raised its position in shares of Weatherford International by 68.5% in the third quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after buying an additional 14,922 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Weatherford International by 244.5% in the third quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock worth $181,000 after buying an additional 28,070 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Weatherford International in the fourth quarter worth $216,000.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

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