Weatherford International PLC (NYSE:WFT) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 155,402,674 shares, a growth of 22.6% from the October 13th total of 126,794,578 shares. Currently, 15.9% of the company’s shares are sold short. Based on an average trading volume of 28,163,053 shares, the days-to-cover ratio is presently 5.5 days.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the business’s 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 transaction, the vice president now owns 279,125 shares in the company, valued at $1,236,523.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.16% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of WFT. Harris Associates L P lifted its stake in shares of Weatherford International PLC by 2,166.3% in 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 buying an additional 58,380,345 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Weatherford International PLC by 71.9% in 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 buying an additional 12,194,205 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Weatherford International PLC by 59.5% in 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 buying an additional 4,082,000 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Weatherford International PLC by 30.3% in 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 buying an additional 3,103,335 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Weatherford International PLC by 12.5% in 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 buying an additional 2,979,183 shares in the last quarter.

A number of equities analysts have issued reports on WFT shares. Piper Jaffray Companies set a $6.00 price objective on shares of Weatherford International PLC and gave the company a “buy” rating in a research report on Saturday, July 29th. Seaport Global Securities restated a “neutral” rating on shares of Weatherford International PLC in a research report on Friday, July 28th. Credit Suisse Group restated a “buy” rating and issued a $6.00 price objective on shares of Weatherford International PLC in a research report on Tuesday, August 1st. Scotiabank set a $6.00 price objective on shares of Weatherford International PLC and gave the company a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $6.07.

Weatherford International PLC (NYSE:WFT) opened at $3.42 on Friday. Weatherford International PLC has a 52 week low of $3.16 and a 52 week high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

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

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Weatherford International PLC Company Profile

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