Were Analysts Bearish Weatherford International plc (NYSE:WFT) This Week?

January 17, 2018 - By Adrian Erickson

 Were Analysts Bearish Weatherford International plc (NYSE:WFT) This Week?
Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.16, from 1.11 in 2017Q2. It fall, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported.
Hutchin Hill Capital Limited Partnership invested in 200,000 shares or 0.03% of the stock. Morgan Stanley stated it has 0.01% in Weatherford International plc (NYSE:WFT). Corecommodity Limited Co holds 0.1% of its portfolio in Weatherford International plc (NYSE:WFT) for 22,377 shares. Engy Opportunities Capital Mngmt Ltd Co owns 787,335 shares. Raymond James Trust Na invested 0.01% in Weatherford International plc (NYSE:WFT). Amalgamated Bankshares stated it has 159,324 shares. Amer International Gru, New York-based fund reported 47,110 shares. Moreover, Hawkins Cap Lp has 0.09% invested in Weatherford International plc (NYSE:WFT). 8.20M are held by Goldman Sachs Group Inc. Sumitomo Mitsui Asset Limited holds 15,982 shares or 0% of its portfolio. Nomura Inc has invested 0.01% in Weatherford International plc (NYSE:WFT). Stratos Wealth Partners Limited invested in 0% or 13,770 shares. Alliancebernstein L P holds 537,044 shares. Profund Advsr Lc invested 0.01% of its portfolio in Weatherford International plc (NYSE:WFT). Jpmorgan Chase And Company has invested 0% of its portfolio in Weatherford International plc (NYSE:WFT).

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 34 analysts covering Weatherford International Ltd. (NYSE:WFT), 27 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Weatherford International Ltd. had 106 analyst reports since July 24, 2015 according to SRatingsIntel. Raymond James upgraded the shares of WFT in report on Friday, February 5 to “Strong Buy” rating. The firm has “Buy” rating given on Thursday, July 13 by BMO Capital Markets. BMO Capital Markets maintained the shares of WFT in report on Wednesday, October 11 with “Buy” rating. Imperial Capital initiated the stock with “In-Line” rating in Friday, June 24 report. Barclays Capital downgraded it to “Equal Weight” rating and $7 target in Monday, January 9 report. Suntrust Robinson initiated Weatherford International plc (NYSE:WFT) on Wednesday, January 18 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The stock has “Buy” rating by Cowen & Co on Wednesday, August 30. The company was maintained on Thursday, May 19 by Citigroup. Oppenheimer maintained Weatherford International plc (NYSE:WFT) on Thursday, October 1 with “Outperform” rating. Below is a list of Weatherford International plc (NYSE:WFT) latest ratings and price target changes.

16/01/2018 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade
09/01/2018 Broker: Loop Capital Markets Rating: Buy New Target: $7.0
04/01/2018 Broker: Jefferies Old Rating: Hold New Rating: Underperform Old Target: $6 Downgrade
03/01/2018 Broker: UBS Rating: Buy New Target: $6.0 Maintain
02/01/2018 Broker: Gabelli Rating: Buy
02/01/2018 Broker: Credit Suisse Rating: Buy New Target: $5.5 Maintain
21/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $5.0 Maintain
10/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $6.0 Maintain
06/11/2017 Broker: Citigroup Rating: Hold New Target: $4.2 Downgrade
03/11/2017 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Upgrade

The stock decreased 2.02% or $0.085 during the last trading session, reaching $4.115. About 5.79M shares traded. Weatherford International plc (NYSE:WFT) has risen 2.15% since January 17, 2017 and is uptrending. It has underperformed by 14.55% the S&P500.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $4.08 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.

More important recent Weatherford International plc (NYSE:WFT) news were published by: Reuters.com which released: “Weatherford shares plummet after company scraps OneStim venture” on January 02, 2018, also Bizjournals.com published article titled: “Deal of the Week: Weatherford sells US fracking business to Schlumberger …”, Seekingalpha.com published: “Weatherford Scraps JV, Sells Pressure Pumping Assets Instead” on January 08, 2018. More interesting news about Weatherford International plc (NYSE:WFT) was released by: Prnewswire.com and their article: “Weatherford Completes Sale of US Hydraulic Fracturing Business to Schlumberger …” with publication date: December 29, 2017.

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