Highlights

Weatherford International Plc PT Lowered to $9.00 (WFT)

 Source: ABMN   |   Publish date: Mon, 24 Aug 2015, 03:41 PM   |    >> Read article in News website

Equities researchers at Susquehanna lowered their price objective on shares of Weatherford International Plc (NYSE:WFT) from $12.00 to $9.00 in a note issued to investors on Monday, Market Beat.com reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential upside of 10.97% from the company’s current price.

A number of other research firms also recently issued reports on WFT. Citigroup Inc. downgraded shares of Weatherford International Plc from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $15.00 in a report on Monday, May 11th. Credit Agricole downgraded shares of Weatherford International Plc from an “outperform” rating to an “underperform” rating in a report on Tuesday, May 26th. Jefferies Group restated a “hold” rating and issued a $15.00 price target (up previously from $13.00) on shares of Weatherford International Plc in a research report on Monday, April 27th. JPMorgan Chase & Co. started coverage on shares of Weatherford International Plc in a research report on Friday, May 29th. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, Zacks cut shares of Weatherford International Plc from a “hold” rating to a “sell” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. Weatherford International Plc currently has a consensus rating of “Hold” and a consensus target price of $17.05.

In other news, CAO Douglas M. Mills sold 3,751 shares of Weatherford International Plc stock in a transaction on Saturday, June 20th. The stock was sold at an average price of $13.01, for a total transaction of $48,800.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Douglas M. Mills sold 3,524 shares of Weatherford International Plc stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $14.31, for a total value of $50,428.44. The disclosure for this sale can be found here.

Weatherford International Plc (NYSE:WFT) traded down 5.240% during midday trading on Monday, hitting $7.685. 11,796,504 shares of the stock traded hands. The stock’s market capitalization is $5.96 billion. The stock’s 50-day moving average price is $10.60 and its 200-day moving average price is $12.55. Weatherford International Plc has a 52 week low of $7.21 and a 52 week high of $23.98.

Weatherford International Plc (NYSE:WFT) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the analysts’ consensus estimate of ($0.12) by $0.02. During the same period in the previous year, the business posted $0.24 EPS. The business earned $2.39 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Equities research analysts expect that Weatherford International Plc will post ($0.26) EPS for the current fiscal year.

Weatherford International Ltd. (NYSE:WFT) is a supplier of equipment and services used in the drilling, evaluation, conclusion, production and intervention of petroleum and natural gas wells. The Organization operates four sections: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia. It runs in over 100 nations and have manufacturing facilities and sales, distribution and service places in approximately all the oil and natural gas producing areas on earth. The Company operates in artificial lift systems ten service lines; stimulus and compounds; drilling services; well building; integrated drilling; conclusion systems; drilling tools; evaluation and wireline services; re entry and fishing and specialty and pipeline services. Weatherford Switzerland runs all of its businesses through its subsidiary companies, including Weatherford Bermuda and Weatherford International, Inc. (Weatherford Delaware).

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