Shares of Weatherford International PLC (NYSE:WFT) gapped down prior to trading on Monday . The stock had previously closed at $4.70, but opened at $4.58. Weatherford International PLC shares last traded at $4.43, with a volume of 14,008,396 shares trading hands.

WFT has been the topic of several research reports. Sanford C. Bernstein lowered shares of Weatherford International PLC from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $7.00 to $5.00 in a research report on Thursday, July 6th. Barclays PLC raised shares of Weatherford International PLC from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $7.00 to $6.00 in a report on Wednesday, June 21st. Royal Bank Of Canada set a $8.00 price target on Weatherford International PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Seaport Global Securities downgraded shares of Weatherford International PLC from a “buy” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.00 in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Weatherford International PLC currently has a consensus rating of “Buy” and an average target price of $6.39.

The stock’s market capitalization is $4.38 billion. The firm has a 50-day moving average price of $4.12 and a 200 day moving average price of $4.74.

Weatherford International PLC (NYSE:WFT) last issued its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, hitting the consensus estimate of ($0.28). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.28) EPS. Analysts expect that Weatherford International PLC will post ($1.03) EPS for the current year.

In related news, VP Douglas M. Mills sold 17,500 shares of Weatherford International PLC stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the sale, the vice president now owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.16% of the company’s stock.

A number of large investors have recently bought and sold shares of WFT. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Weatherford International PLC by 1.5% during 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. Wedbush Securities Inc. boosted its stake in shares of Weatherford International PLC by 2.3% in the second quarter. Wedbush Securities Inc. now owns 50,613 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 1,146 shares during the period. Two Sigma Securities LLC boosted its stake 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 purchasing an additional 2,238 shares during the period. Wrapmanager Inc. boosted its stake in shares of Weatherford International PLC by 3.2% in the second quarter. Wrapmanager Inc. now owns 87,639 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 2,754 shares during the period. Finally, TD Asset Management Inc. boosted its stake in shares of Weatherford International PLC by 7.3% in the first quarter. TD Asset Management Inc. now owns 57,023 shares of the oil and gas company’s stock valued at $379,000 after purchasing an additional 3,900 shares during the period.

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Weatherford International PLC 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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