Royal Bank Of Canada set a $6.00 price target on Weatherford International PLC (NYSE:WFT) in a report published on Sunday. The firm currently has a buy rating on the oil and gas company’s stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on Weatherford International PLC from $4.75 to $5.50 and gave the stock an outperform rating in a research report on Thursday, August 3rd. Scotiabank set a $6.00 target price on Weatherford International PLC and gave the stock a hold rating in a research report on Friday, July 7th. Cowen and Company set a $8.00 target price on Weatherford International PLC and gave the stock a buy rating in a research report on Friday. Zacks Investment Research upgraded Weatherford International PLC from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded Weatherford International PLC from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $6.22.

Shares of Weatherford International PLC (WFT) opened at 4.24 on Friday. The company’s 50-day moving average is $4.16 and its 200-day moving average is $4.71. Weatherford International PLC has a 12-month low of $3.39 and a 12-month high of $7.09. The company’s market capitalization is $4.19 billion.

Weatherford International PLC (NYSE:WFT) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). The company 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%. Weatherford International PLC’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned ($0.28) earnings per share. Analysts predict that Weatherford International PLC will post ($1.04) EPS for the current year.

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In other Weatherford International PLC 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of WFT. Harris Associates L P grew its stake in 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 valued at $236,361,000 after purchasing an additional 58,380,345 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in 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 valued at $112,835,000 after purchasing an additional 12,194,205 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Weatherford International PLC in the first quarter valued at about $42,887,000. State Street Corp grew its stake in Weatherford International PLC by 10.4% in the first quarter. State Street Corp now owns 48,956,761 shares of the oil and gas company’s stock valued at $325,562,000 after purchasing an additional 4,621,797 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in 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 valued at $42,331,000 after purchasing an additional 4,082,000 shares during the last quarter.

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.

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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