Weatherford International PLC (NYSE:WFT) Receiving Somewhat Favorable Media Coverage, Study Shows
Media headlines about Weatherford International PLC (NYSE:WFT) have trended somewhat positive on Saturday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Weatherford International PLC earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 47.205797100927 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Stock is Neither Hold nor sell: Weatherford International plc (WFT) – Street Observer (press release) (streetobserver.com)
- Did International Rig Count Affect OFS Companies’ 2Q17 Revenues? (finance.yahoo.com)
- Analyzing Net Debt for SLB, HAL, WFT, and NOV in 2Q17 (finance.yahoo.com)
- Comparing the Relative Valuation among 4 OFS Giants (finance.yahoo.com)
- How Did US Rig Count Affect SLB, HAL, and WFT in 2Q17? (finance.yahoo.com)
A number of brokerages have recently issued reports on WFT. UBS AG reaffirmed a “buy” rating and issued a $8.00 price objective (down previously from $9.00) on shares of Weatherford International PLC in a research report on Tuesday, May 2nd. Barclays PLC raised shares of Weatherford International PLC from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $7.00 to $6.00 in a research report on Wednesday, June 21st. Sanford C. Bernstein downgraded shares of Weatherford International PLC from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Thursday, July 6th. Royal Bank Of Canada set a $8.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, BidaskClub downgraded shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.52.
Weatherford International PLC (WFT) opened at 3.95 on Friday. The stock’s 50 day moving average is $4.11 and its 200 day moving average is $5.19. Weatherford International PLC has a 12-month low of $3.39 and a 12-month high of $7.09. The stock’s market capitalization is $3.91 billion. Weatherford International PLC also was the recipient of unusually large options trading on Wednesday. Stock investors acquired 51,442 put options on the stock. This is an increase of 1,183% compared to the typical volume of 4,008 put options.
Weatherford International PLC (NYSE:WFT) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share for the quarter, hitting the Thomson Reuters’ 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 the consensus estimate of $1.46 billion. During the same period last year, the company earned ($0.28) earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts forecast that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.
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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.
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