Westpac Banking Corp held its position in shares of Weatherford International PLC (NYSE:WFT) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 60,754 shares of the oil and gas company’s stock at the end of the 2nd quarter. Westpac Banking Corp’s holdings in Weatherford International PLC were worth $235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of Weatherford International PLC by 8.7% in the 1st quarter. ProShare Advisors LLC now owns 90,239 shares of the oil and gas company’s stock valued at $600,000 after purchasing an additional 7,186 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Weatherford International PLC by 13.5% in the 1st 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 purchasing an additional 1,899 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Weatherford International PLC by 58.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 101,807 shares of the oil and gas company’s stock valued at $693,000 after purchasing an additional 37,643 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Weatherford International PLC by 34.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 28,500 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 7,300 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Weatherford International PLC by 181.1% in the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 16,444 shares in the last quarter.

Weatherford International PLC (NYSE WFT) opened at 4.42 on Monday. The firm’s market capitalization is $4.37 billion. 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 price of $4.09 and a 200-day moving average price of $4.90.

Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share for the quarter, meeting the 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 quarter in the prior year, the company earned ($0.28) EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Weatherford International PLC will post ($1.03) EPS for the current year.

Several equities analysts have recently weighed in on WFT shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $6.00 price objective (down from $12.00) on shares of Weatherford International PLC in a research note on Wednesday, June 21st. Scotiabank reaffirmed a “buy” rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. Sanford C. Bernstein lowered Weatherford International PLC from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $7.00 to $5.00 in a research note on Thursday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $7.00 price objective (down from $8.00) on shares of Weatherford International PLC in a research note on Tuesday, May 30th. Finally, ValuEngine lowered Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $6.39.

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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.

Institutional Ownership by Quarter for Weatherford International PLC (NYSE:WFT)

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