Today’s Stock Alert: Is Weatherford International Plc’s Fuel Running Low? The Stock Just Declined Again

Today's Stock Alert: Is Weatherford International Plc's Fuel Running Low? The Stock Just Declined Again

The stock of Weatherford International Plc (NYSE:WFT) is a huge mover today! About 36.02 million shares traded hands or 15.45% up from the average. Weatherford International Plc (NYSE:WFT) has declined 44.93% since April 6, 2016 and is downtrending. It has underperformed by 46.89% the S&P500.
The move comes after 9 months negative chart setup for the $3.51B company. It was reported on Nov, 8 by Barchart.com. We have $3.48 PT which if reached, will make NYSE:WFT worth $315.90M less.

Weatherford International Plc (NYSE:WFT) Ratings Coverage

Out of 21 analysts covering Weatherford International Ltd. (NYSE:WFT), 17 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 81% are positive. Weatherford International Ltd. has been the topic of 56 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Thursday, December 3 by Stephens. On Friday, September 11 the stock rating was upgraded by TD Securities to “Buy”. As per Friday, July 24, the company rating was maintained by Oppenheimer. The rating was upgraded by Barclays Capital on Monday, July 27 to “Equal Weight”. The stock of Weatherford International Plc (NYSE:WFT) has “Sector Perform” rating given on Thursday, October 27 by Howard Weil. The stock of Weatherford International Plc (NYSE:WFT) earned “Buy” rating by Citigroup on Wednesday, October 5. The firm earned “Outperform” rating on Wednesday, November 2 by Raymond James. The rating was maintained by Howard Weil on Friday, February 5 with “Sector Perform”. The stock of Weatherford International Plc (NYSE:WFT) earned “Outperform” rating by Oppenheimer on Monday, October 26. The stock has “Buy” rating given by Guggenheim on Friday, July 24.

According to Zacks Investment Research, “Weatherford International is one of the world’s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company’s products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services.”

Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.05, from 1.34 in 2016Q1. The ratio dropped, as 61 funds sold all Weatherford International Plc shares owned while 78 reduced positions. 55 funds bought stakes while 124 increased positions. They now own 687.46 million shares or 3.50% less from 712.38 million shares in 2016Q1.
High Point Financial Bank And Tru accumulated 0% or 100 shares. Oak Associates Oh accumulated 0.01% or 21,590 shares. Amalgamated Financial Bank owns 107,965 shares or 0.03% of their US portfolio. Keybank Natl Association Oh reported 32,954 shares or 0% of all its holdings. The Ontario – Canada-based Savings Bank Of Montreal Can has invested 0% in Weatherford International Plc (NYSE:WFT). The British Columbia – Canada-based British Columbia has invested 0.01% in Weatherford International Plc (NYSE:WFT). Amp Cap Invsts accumulated 0.02% or 419,087 shares. Price T Rowe Assocs Inc Md has invested 0% of its portfolio in Weatherford International Plc (NYSE:WFT). Calvert Invest Mngmt Inc accumulated 261,739 shares or 0.08% of the stock. First Advisors Limited Partnership holds 1.03 million shares or 0.02% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.02% or 209,145 shares. Schroder Invest Management last reported 0.03% of its portfolio in the stock. Next Financial Group Inc Inc last reported 0% of its portfolio in the stock. Fjarde Ap accumulated 0.04% or 292,345 shares. Tctc Ltd Liability last reported 148,611 shares in the company.

More important recent Weatherford International Plc (NYSE:WFT) news were published by: Fool.com which released: “Here’s Why Weatherford International Plc’s Stock Plunged Today” on November 01, 2016, also Seekingalpha.com published article titled: “Weatherford International Plc (WFT) Q3 2016 Results – Earnings Call Transcript”, Investorplace.com published: “Weatherford International Plc (WFT) Stock Gutted After Huge Q3 Loss” on October 26, 2016. More interesting news about Weatherford International Plc (NYSE:WFT) was released by: Forbes.com and their article: “Oversold Conditions For Weatherford International (WFT)” with publication date: November 01, 2016.

WFT Company Profile

Weatherford International plc, incorporated on March 3, 2014, is an oilfield service company. The Firm provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Firm operates through five divisions: North America, Latin America, Europe/Sub-Sahara Africa (SSA)/Russia, Middle East/North Africa (MENA)/Asia Pacific and Land Drilling Rigs. The Firm offers products through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs, which together include approximately 14 product lines. Formation Evaluation and Well Construction includes Managed-Pressure Drilling, Drilling Services, Tubular Running Services, Drilling Tools, Wireline Services, Testing and Production Services, Re-entry and Fishing Services, Cementing, Liner Systems, Integrated Laboratory Services and Surface Logging Systems. Completion and Production includes Artificial Lift Systems, Stimulation and Completion Systems. Land Drilling Rigs encompasses land drilling rigs business, including the services and products ancillary thereto.

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