Weatherford International LTD (NYSE:WFT) Institutional Investors Quarterly Sentiment

May 13, 2018 - By Clifton Ray

Weatherford International plc (NYSE:WFT) Logo

Sentiment for Weatherford International LTD (NYSE:WFT)

Weatherford International LTD (NYSE:WFT) institutional sentiment decreased to 0.79 in 2017 Q4. Its down -0.16, from 0.95 in 2017Q3. The ratio has dropped, as 128 hedge funds opened new and increased holdings, while 163 sold and trimmed positions in Weatherford International LTD. The hedge funds in our partner’s database now own: 1.08 billion shares, down from 1.10 billion shares in 2017Q3. Also, the number of hedge funds holding Weatherford International LTD in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 66 Reduced: 97 Increased: 77 New Position: 51.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $3.29 billion. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. It currently has negative earnings. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs.

The stock decreased 1.20% or $0.04 during the last trading session, reaching $3.3. About 15.94 million shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since May 13, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.

Schneider Capital Management Corp holds 4.74% of its portfolio in Weatherford International plc for 5.19 million shares. Tph Asset Management Llc owns 9.40 million shares or 3.87% of their US portfolio. Moreover, Stanley Capital Management Llc has 3.01% invested in the company for 1.41 million shares. The Texas-based Mitchell Group Inc has invested 2.87% in the stock. Two Creeks Capital Management Lp, a New York-based fund reported 11.14 million shares.

Weatherford International plc (NYSE:WFT) Ratings Coverage

Ratings analysis reveals 69% of Weatherford’s analysts are positive. Out of 16 Wall Street analysts rating Weatherford, 11 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $2.4600 while the high is $7.0. The stock’s average target of $4.71 is 42.73% above today’s ($3.3) share price. WFT was included in 21 notes of analysts from December 21, 2017. UBS maintained Weatherford International plc (NYSE:WFT) rating on Wednesday, January 3. UBS has “Buy” rating and $6.0 target. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, April 10 report. The rating was downgraded by Jefferies on Thursday, January 4 to “Underperform”. The stock has “Neutral” rating by PiperJaffray on Tuesday, April 3. The rating was maintained by Credit Suisse with “Buy” on Tuesday, January 2. The company was maintained on Tuesday, February 6 by Loop Capital. The firm has “Hold” rating given on Tuesday, April 24 by Piper Jaffray. As per Tuesday, January 16, the company rating was upgraded by Bank of America. The stock of Weatherford International plc (NYSE:WFT) earned “Hold” rating by Barclays Capital on Tuesday, February 13. The stock has “Buy” rating by Cowen & Co on Friday, April 13.

More important recent Weatherford International plc (NYSE:WFT) news were published by: Investorplace.com which released: “Thursday’s Vital Data: Facebook, Inc. (FB), Advanced Micro Devices, Inc. (AMD) and Weatherford International Plc (WFT)” on May 10, 2018, also Seekingalpha.com published article titled: “Oakmark Select Fund: Q1 2018”, Seekingalpha.com published: “Weatherford’s Debt Remains Untenable” on April 29, 2018. More interesting news about Weatherford International plc (NYSE:WFT) was released by: Seekingalpha.com and their article: “Weatherford Kicks The Can Down The Road” with publication date: April 23, 2018.

Weatherford International plc (NYSE:WFT) Ratings Chart

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