An issue of Weatherford International PLC (NYSE:WFT) debt fell 1.3% against its face value during trading on Monday. The debt issue has a 8.25% coupon and is set to mature on June 15, 2023. The debt is now trading at $99.75 and was trading at $101.00 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a research report on Sunday, November 12th. Piper Jaffray Companies set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, Societe Generale raised shares of Weatherford International PLC from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $6.07.

Weatherford International PLC (NYSE:WFT) opened at $3.35 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 one year low of $3.16 and a one year high of $7.09.

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

In other news, VP Douglas M. Mills sold 17,500 shares of the business’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 transaction, the vice president now directly owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.16% of the company’s stock.

Several institutional investors have recently modified their holdings of WFT. Harris Associates L P increased its stake in shares of Weatherford International PLC by 2,166.3% during the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after acquiring an additional 58,380,345 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Weatherford International PLC by 71.9% during the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock worth $112,835,000 after acquiring an additional 12,194,205 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Weatherford International PLC by 59.5% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 10,938,200 shares of the oil and gas company’s stock worth $42,331,000 after acquiring an additional 4,082,000 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Weatherford International PLC by 30.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock worth $51,653,000 after acquiring an additional 3,103,335 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Weatherford International PLC by 12.5% during the third quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock worth $123,014,000 after acquiring an additional 2,979,183 shares during the period.

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Weatherford International PLC Company Profile

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