The stock of Weatherford International Plc (NYSE:WFT) is a huge mover today! About 25.36 million shares traded hands. Weatherford International Plc (NYSE:WFT) has declined 46.73% since April 27, 2016 and is downtrending. It has underperformed by 51.96% the S&P500.
The move comes after 8 months positive chart setup for the $4.24 billion company. It was reported on Nov, 30 by Barchart.com. We have $5.45 PT which if reached, will make NYSE:WFT worth $381.60 million more.
Analysts await Weatherford International Plc (NYSE:WFT) to report earnings on February, 1. They expect $-0.30 EPS, down 130.77% or $0.17 from last year’s $-0.13 per share. After $-0.39 actual EPS reported by Weatherford International Plc for the previous quarter, Wall Street now forecasts -23.08% EPS growth.
Weatherford International Plc (NYSE:WFT) Ratings Coverage
Out of 22 analysts covering Weatherford International Ltd. (NYSE:WFT), 18 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 82% are positive. Weatherford International Ltd. has been the topic of 57 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, July 24 by Guggenheim. The rating was maintained by Oppenheimer on Friday, July 24 with “Outperform”. Citigroup maintained Weatherford International Plc (NYSE:WFT) rating on Wednesday, October 5. Citigroup has “Buy” rating and $7 price target. The stock of Weatherford International Plc (NYSE:WFT) has “Overweight” rating given on Friday, August 28 by Stephens. The rating was upgraded by Citigroup to “Buy” on Friday, December 11. The stock of Weatherford International Plc (NYSE:WFT) earned “Outperform” rating by Raymond James on Wednesday, November 2. The firm has “Market Perform” rating by Wells Fargo given on Friday, May 6. The stock of Weatherford International Plc (NYSE:WFT) has “Outperform” rating given on Monday, January 11 by Wells Fargo. The firm has “Positive” rating given on Tuesday, October 27 by Susquehanna. The rating was maintained by Cowen & Co with “Outperform” on Thursday, July 23.
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 1.18 in Q2 2016. Its down 0.11, from 1.29 in 2016Q1. The ratio fall, 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.
Renaissance holds 0.01% of its portfolio in Weatherford International Plc (NYSE:WFT) for 1.05M shares. Montgomery Inv Incorporated last reported 0.03% of its portfolio in the stock. Stifel Fincl Corp accumulated 348,569 shares or 0.01% of the stock. Citigroup accumulated 0.01% or 1.38M shares. Paloma Ptnrs Mgmt last reported 12,001 shares in the company. Morgan Stanley last reported 5.02M shares in the company. Walleye Trading Ltd Liability Co has invested 0.01% of its portfolio in Weatherford International Plc (NYSE:WFT). Principal Finance Grp Inc owns 114,526 shares or 0% of their US portfolio. Everpoint Asset Mgmt Ltd Liability Co accumulated 300,000 shares or 0.03% of the stock. Dodge And Cox owns 81.19 million shares or 0.45% of their US portfolio. First Advsrs Ltd Partnership owns 1.03M shares or 0.02% of their US portfolio. Invesco Limited holds 0.16% of its portfolio in Weatherford International Plc (NYSE:WFT) for 80.19 million shares. Commerzbank Aktiengesellschaft Fi has 143,091 shares for 0.01% of their US portfolio. Blackrock has invested 0.01% of its portfolio in Weatherford International Plc (NYSE:WFT). Bnp Paribas Arbitrage has invested 0.01% of its portfolio in Weatherford International Plc (NYSE:WFT).
More news for Weatherford International Plc (NYSE:WFT) were recently published by: Fool.com, which released: “Here’s Why Weatherford International Plc’s Stock Plunged Today” on November 01, 2016. Marketwatch.com‘s article titled: “Longtime Weatherford CEO Bernard Duroc-Danner stepping down” and published on November 09, 2016 is yet another important article.
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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