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

Several other research analysts have also weighed in on the company. Sanford C. Bernstein raised Weatherford International PLC from a market perform rating to an outperform rating in a research report on Friday, November 3rd. BMO Capital Markets lifted their price objective 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 price objective on Weatherford International PLC and gave the stock a hold rating in a research report on Tuesday, August 1st. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the stock a buy rating in a research report on Friday, October 6th. Finally, Zacks Investment Research raised Weatherford International PLC from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $6.07.

Weatherford International PLC (NYSE WFT) opened at $3.63 on Friday. 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 12-month low of $3.16 and a 12-month high of $7.09.

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

COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reiterates “$6.00” Price Target for Weatherford International PLC (WFT)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/11/15/royal-bank-of-canada-reiterates-6-00-price-target-for-weatherford-international-plc-wft.html.

In other news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction that occurred on 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 approximately $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.16% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of WFT. Principal Financial Group Inc. purchased a new position in Weatherford International PLC in the first quarter valued at approximately $616,000. Mn Services Vermogensbeheer B.V. lifted its stake in Weatherford International PLC by 521.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 151,042 shares of the oil and gas company’s stock valued at $585,000 after purchasing an additional 126,754 shares during the last quarter. Exane Derivatives purchased a new position in Weatherford International PLC in the second quarter valued at approximately $1,637,000. Sippican Capital Advisors lifted its stake in Weatherford International PLC by 4.7% in the second quarter. Sippican Capital Advisors now owns 291,716 shares of the oil and gas company’s stock valued at $1,129,000 after purchasing an additional 12,976 shares during the last quarter. Finally, Doyle Wealth Management lifted its stake in Weatherford International PLC by 92.5% in the second quarter. Doyle Wealth Management now owns 1,944,053 shares of the oil and gas company’s stock valued at $7,523,000 after purchasing an additional 934,379 shares during the last quarter.

About Weatherford International PLC

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.