Weatherford International Ltd. (NYSE:WFT) VP Douglas M. Mills sold 12,500 shares of Weatherford International stock in a transaction on Friday, October 7th. The shares were sold at an average price of $5.97, for a total transaction of $74,625.00. Following the completion of the transaction, the vice president now owns 223,933 shares in the company, valued at $1,336,880.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Weatherford International Ltd. (NYSE:WFT) opened at 5.89 on Friday. The stock’s market cap is $5.28 billion. The stock has a 50 day moving average of $5.70 and a 200-day moving average of $6.16. Weatherford International Ltd. has a 52 week low of $4.71 and a 52 week high of $11.49.

Weatherford International (NYSE:WFT) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Weatherford International had a negative net margin of 33.73% and a negative return on equity of 13.41%. The business’s revenue was down 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. Analysts forecast that Weatherford International Ltd. will post $2.45 earnings per share for the current year.

A number of research firms have commented on WFT. Bank of America Corp. began coverage on shares of Weatherford International in a research note on Monday, June 13th. They issued an “underperform” rating on the stock. Citigroup Inc. dropped their price objective on shares of Weatherford International from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Seaport Global Securities restated a “buy” rating on shares of Weatherford International in a research note on Friday, August 19th. Zacks Investment Research upgraded shares of Weatherford International from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Thursday. Finally, Vetr lowered shares of Weatherford International from a “buy” rating to a “hold” rating and set a $6.95 price objective on the stock. in a research note on Monday, June 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Weatherford International presently has a consensus rating of “Buy” and a consensus price target of $8.83.

Several institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. boosted its position in shares of Weatherford International by 35.8% in the second quarter. Baird Financial Group Inc. now owns 18,220 shares of the company’s stock valued at $109,000 after buying an additional 4,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Weatherford International by 29.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,011 shares of the company’s stock valued at $106,000 after buying an additional 4,295 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Weatherford International by 3.5% in the second quarter. CIBC Asset Management Inc now owns 19,189 shares of the company’s stock valued at $106,000 after buying an additional 647 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Weatherford International by 90.4% in the second quarter. Bessemer Group Inc. now owns 20,989 shares of the company’s stock valued at $116,000 after buying an additional 9,967 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Weatherford International during the second quarter valued at about $119,000. 97.21% of the stock is currently owned by institutional investors.

Weatherford International Company Profile

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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