Weatherford International PLC (WFT) Short Interest Update
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.
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About Weatherford International PLC
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