Weatherford International Plc (NYSE:WFT) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 155,923,053 shares, a growth of 7.0% from the January 12th total of 145,696,410 shares. Based on an average daily trading volume, of 16,784,545 shares, the short-interest ratio is currently 9.3 days. Currently, 16.0% of the company’s stock are short sold.

Weatherford International (NYSE:WFT) traded down $0.02 during mid-day trading on Wednesday, hitting $2.74. 19,248,554 shares of the stock traded hands, compared to its average volume of 27,800,000. Weatherford International has a one year low of $2.62 and a one year high of $7.09. The firm has a market cap of $2,740.00, a PE ratio of -1.65 and a beta of 2.07. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33.

Weatherford International (NYSE:WFT) last released its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.12). Weatherford International had a negative return on equity of 75.02% and a negative net margin of 49.36%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm’s revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that Weatherford International will post -0.61 earnings per share for the current year.

WFT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Weatherford International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Seaport Global Securities upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $4.00 to $5.00 in a research note on Wednesday, November 1st. BMO Capital Markets decreased their price target on shares of Weatherford International from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Morgan Stanley decreased their price target on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Societe Generale upgraded shares of Weatherford International from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.48.

In related news, VP Douglas M. Mills sold 17,931 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total value of $77,820.54. Following the transaction, the vice president now directly owns 238,471 shares of the company’s stock, valued at approximately $1,034,964.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas M. Mills sold 6,072 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $4.24, for a total transaction of $25,745.28. Following the sale, the vice president now owns 232,399 shares of the company’s stock, valued at approximately $985,371.76. The disclosure for this sale can be found here. Insiders sold a total of 46,726 shares of company stock worth $193,648 over the last ninety days. Insiders own 1.16% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia lifted its stake in shares of Weatherford International by 825.9% in the second quarter. Bank of Nova Scotia now owns 331,000 shares of the oil and gas company’s stock valued at $1,281,000 after purchasing an additional 376,600 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Weatherford International in the third quarter valued at about $392,000. Exane Derivatives lifted its stake in shares of Weatherford International by 114.8% in the fourth quarter. Exane Derivatives now owns 946,272 shares of the oil and gas company’s stock valued at $3,935,000 after purchasing an additional 505,681 shares during the period. Timber Hill LLC acquired a new stake in shares of Weatherford International in the third quarter valued at about $280,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Weatherford International by 35.9% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 412,589 shares of the oil and gas company’s stock valued at $1,890,000 after purchasing an additional 109,098 shares during the period.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

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