Shares of Weatherford International Plc (NYSE:WFT) have been given a consensus recommendation of “Buy” by the thirty-four research firms that are currently covering the company. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.56.

WFT has been the subject of a number of research analyst reports. Cowen and Company lowered their price target on Weatherford International Plc from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, December 13th. Capital One Financial Corp. raised Weatherford International Plc from an “equal weight” rating to an “overweight” rating and set a $7.00 price target for the company in a report on Tuesday, March 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Weatherford International Plc in a report on Tuesday, March 7th. Barclays PLC reaffirmed an “equal weight” rating and issued a $7.00 price target (down from $8.00) on shares of Weatherford International Plc in a report on Monday, January 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $8.00 price target on shares of Weatherford International Plc in a report on Friday, January 6th.

Your IP Address:

In other Weatherford International Plc news, VP Douglas M. Mills sold 6,462 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $5.30, for a total value of $34,248.60. Following the completion of the transaction, the vice president now owns 328,520 shares in the company, valued at $1,741,156. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Douglas M. Mills sold 9,975 shares of the stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $5.35, for a total value of $53,366.25. Following the completion of the transaction, the vice president now owns 202,407 shares of the company’s stock, valued at approximately $1,082,877.45. The disclosure for this sale can be found here. Insiders sold 30,832 shares of company stock valued at $167,939 in the last quarter. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WFT. BlackRock Group LTD boosted its position in Weatherford International Plc by 3.3% in the third quarter. BlackRock Group LTD now owns 5,930,931 shares of the company’s stock valued at $33,332,000 after buying an additional 189,524 shares during the last quarter. Ngam Advisors L.P. boosted its position in Weatherford International Plc by 2.8% in the third quarter. Ngam Advisors L.P. now owns 1,644,180 shares of the company’s stock valued at $9,240,000 after buying an additional 44,605 shares during the last quarter. Schroder Investment Management Group boosted its position in Weatherford International Plc by 9.6% in the third quarter. Schroder Investment Management Group now owns 2,504,397 shares of the company’s stock valued at $14,074,000 after buying an additional 220,185 shares during the last quarter. BlackRock Investment Management LLC boosted its position in Weatherford International Plc by 3.2% in the third quarter. BlackRock Investment Management LLC now owns 820,286 shares of the company’s stock valued at $4,610,000 after buying an additional 25,736 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Weatherford International Plc by 57.2% in the third quarter. First Trust Advisors LP now owns 1,613,098 shares of the company’s stock valued at $9,066,000 after buying an additional 586,895 shares during the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Weatherford International Plc (NYSE:WFT) opened at 6.18 on Thursday. Weatherford International Plc has a 12-month low of $3.73 and a 12-month high of $8.49. The stock’s 50 day moving average is $5.91 and its 200 day moving average is $5.52. The stock’s market capitalization is $6.08 billion.

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.

5 Day Chart for NYSE:WFT

Receive News & Stock Ratings for Weatherford International Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International Plc and related stocks with our FREE daily email newsletter.