Weatherford International PLC (NYSE:WFT) received a $6.00 price target from equities research analysts at Royal Bank Of Canada in a note issued to investors on Sunday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 53.06% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. BMO Capital Markets lowered their price objective on Weatherford International PLC from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Jefferies Group LLC set a $5.00 price objective on Weatherford International PLC and gave the stock a “hold” rating in a report on Thursday, October 5th. Morgan Stanley lowered their price objective on Weatherford International PLC from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Weatherford International PLC in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $6.07.

Weatherford International PLC (NYSE WFT) traded down $0.15 during trading on Friday, hitting $3.92. The stock had a trading volume of 13,645,112 shares, compared to its average volume of 21,654,098. 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 has a 52-week low of $3.16 and a 52-week high of $7.09.

Weatherford International PLC (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 Zacks’ consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 company’s revenue 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 EPS for the current fiscal year.

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In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total value 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 $1,236,523.75. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.16% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Harris Associates L P boosted its position in Weatherford International PLC by 2,166.3% during the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after acquiring an additional 58,380,345 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Weatherford International PLC by 71.9% during the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock worth $112,835,000 after acquiring an additional 12,194,205 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Weatherford International PLC by 59.5% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 10,938,200 shares of the oil and gas company’s stock worth $42,331,000 after acquiring an additional 4,082,000 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Weatherford International PLC by 30.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock worth $51,653,000 after acquiring an additional 3,103,335 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Weatherford International PLC by 12.5% during the third quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock worth $123,014,000 after acquiring an additional 2,979,183 shares during the last quarter.

Weatherford International PLC Company Profile

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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