Weatherford International PLC (NYSE:WFT) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 155,402,674 shares, an increase of 22.6% from the October 13th total of 126,794,578 shares. Approximately 15.9% of the shares of the stock are short sold. Based on an average daily volume of 28,163,053 shares, the short-interest ratio is presently 5.5 days.

Shares of Weatherford International PLC (WFT) opened at $3.92 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. Weatherford International PLC has a fifty-two week low of $3.16 and a fifty-two week high of $7.09.

Weatherford International PLC (NYSE:WFT) last released its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts expect that Weatherford International PLC will post -1.02 earnings per share for the current fiscal year.

WFT has been the subject of a number of analyst reports. Scotiabank restated a “buy” rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. Jefferies Group LLC set a $5.00 price target on shares of Weatherford International PLC and gave the stock a “hold” rating in a research note on Thursday, October 5th. ValuEngine cut shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Weatherford International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.07.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the transaction, the vice president now owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC acquired a new stake in Weatherford International PLC during the 3rd quarter worth $123,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Weatherford International PLC by 1.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 500 shares during the period. Crawford Investment Counsel Inc. grew its holdings in Weatherford International PLC by 68.8% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after acquiring an additional 15,000 shares during the period. Private Advisor Group LLC grew its holdings in Weatherford International PLC by 63.2% during the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 15,178 shares during the period. Finally, First Mercantile Trust Co. grew its holdings in Weatherford International PLC by 262.4% during the 2nd quarter. First Mercantile Trust Co. now owns 39,500 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 28,600 shares during the period.

TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/14/weatherford-international-plc-wft-short-interest-update.html.

About Weatherford International PLC

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.