Deutsche Bank AG started coverage on shares of Weatherford International PLC (NYSE:WFT) in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $6.00 price objective on the oil and gas company’s stock.

WFT has been the subject of several other reports. ValuEngine cut shares of Weatherford International PLC from a sell rating to a strong sell rating in a research report on Friday, September 1st. Piper Jaffray Companies set a $6.00 target price on shares of Weatherford International PLC and gave the company a buy rating in a research report on Saturday, July 29th. Cowen and Company set a $8.00 target price on shares of Weatherford International PLC and gave the company a buy rating in a research report on Friday, October 6th. Scotiabank set a $6.00 target price on shares of Weatherford International PLC and gave the company a hold rating in a research report on Friday, July 7th. Finally, Seaport Global Securities restated a neutral rating on shares of Weatherford International PLC in a research report on Friday, July 28th. Three investment 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. The company has an average rating of Buy and an average target price of $6.18.

Weatherford International PLC (WFT) opened at 3.99 on Tuesday. The firm’s market cap is $3.95 billion. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09. The stock’s 50 day moving average is $4.18 and its 200-day moving average is $4.65.

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, meeting the consensus estimate of ($0.28). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.28) EPS. On average, analysts anticipate that Weatherford International PLC will post ($1.04) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/13/weatherford-international-plc-wft-research-coverage-started-at-deutsche-bank-ag.html.

In other news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.16% of the company’s stock.

Large investors have recently bought and sold shares of the company. Laurion Capital Management LP bought a new stake in shares of Weatherford International PLC in the 1st quarter valued at $109,000. Two Sigma Securities LLC boosted its stake in shares of Weatherford International PLC by 14.5% in the 1st 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 last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Weatherford International PLC by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 500 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Weatherford International PLC in the 1st quarter valued at $129,000. Finally, Crawford Investment Counsel Inc. boosted its stake in shares of Weatherford International PLC by 68.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 15,000 shares during the last quarter.

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.

Analyst Recommendations for Weatherford International PLC (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.