ValuEngine lowered shares of Weatherford International PLC (NYSE:WFT) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning.

Several other equities research analysts also recently weighed in on the company. Scotiabank reissued a buy rating on shares of Weatherford International PLC in a report on Tuesday, August 29th. BidaskClub downgraded Weatherford International PLC from a sell rating to a strong sell rating in a report on Thursday, August 10th. Morgan Stanley decreased their price objective on Weatherford International PLC from $6.00 to $5.50 and set an overweight rating for the company in a report on Monday, August 7th. BMO Capital Markets increased their price objective on Weatherford International PLC from $4.75 to $5.50 and gave the company an outperform rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Weatherford International PLC from a sell rating to a hold rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Weatherford International PLC presently has a consensus rating of Buy and a consensus price target of $6.39.

Weatherford International PLC (NYSE WFT) opened at 4.01 on Friday. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The stock’s market cap is $3.97 billion. The firm’s 50-day moving average is $4.13 and its 200-day moving average is $5.01.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.28). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.28) earnings per share. Equities research analysts predict that Weatherford International PLC will post ($1.03) earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Weatherford International PLC by 13.5% in the first 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 buying an additional 1,899 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Weatherford International PLC in the first quarter valued at $109,000. Two Sigma Securities LLC increased its position in shares of Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,238 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 500 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of Weatherford International PLC in the first quarter valued at $129,000.

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.

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Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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