Investors Buy Shares of Weatherford International (WFT) on Weakness

Traders purchased shares of Weatherford International plc (NYSE:WFT) on weakness during trading hours on Tuesday. $29.16 million flowed into the stock on the tick-up and $18.31 million flowed out of the stock on the tick-down, for a money net flow of $10.85 million into the stock. Of all stocks tracked, Weatherford International had the 30th highest net in-flow for the day. Weatherford International traded down ($0.28) for the day and closed at $1.26

A number of analysts have recently issued reports on WFT shares. ValuEngine cut Weatherford International from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. BMO Capital Markets set a $4.00 price objective on Weatherford International and gave the company a “buy” rating in a research report on Wednesday, July 11th. Zacks Investment Research cut Weatherford International from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Piper Jaffray Companies set a $2.00 price objective on Weatherford International and gave the company a “hold” rating in a research report on Sunday, July 29th. Finally, Jefferies Financial Group set a $4.00 price objective on Weatherford International and gave the company a “hold” rating in a research report on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.03.

The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -1.09 and a beta of 2.38.



Weatherford International (NYSE:WFT) last announced its quarterly earnings results on Monday, October 29th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. Weatherford International had a negative return on equity of 283.53% and a negative net margin of 46.44%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business posted ($0.22) earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that Weatherford International plc will post -0.57 earnings per share for the current fiscal year.

In other Weatherford International news, Director Angela A. Minas acquired 40,000 shares of Weatherford International stock in a transaction on Monday, September 17th. The shares were bought at an average price of $2.45 per share, with a total value of $98,000.00. Following the completion of the purchase, the director now owns 102,711 shares in the company, valued at $251,641.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Macaulay sold 767,591 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $2.86, for a total value of $2,195,310.26. Following the completion of the transaction, the director now directly owns 399,443 shares in the company, valued at approximately $1,142,406.98. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Berkshire Asset Management LLC PA boosted its stake in Weatherford International by 37.2% in the second quarter. Berkshire Asset Management LLC PA now owns 55,612 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 15,071 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Weatherford International by 8.7% in the second quarter. State of Wisconsin Investment Board now owns 227,818 shares of the oil and gas company’s stock worth $750,000 after purchasing an additional 18,246 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Weatherford International by 51.3% in the second quarter. Wedbush Securities Inc. now owns 59,786 shares of the oil and gas company’s stock worth $197,000 after purchasing an additional 20,272 shares in the last quarter. Amalgamated Bank boosted its stake in Weatherford International by 12.4% in the second quarter. Amalgamated Bank now owns 188,761 shares of the oil and gas company’s stock worth $621,000 after purchasing an additional 20,836 shares in the last quarter. Finally, Brave Asset Management Inc. boosted its stake in Weatherford International by 150.0% in the third quarter. Brave Asset Management Inc. now owns 40,000 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 24,000 shares in the last quarter.

About Weatherford International (NYSE:WFT)

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

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