Weatherford International Plc (NYSE:WFT) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.64, but opened at $4.17. Weatherford International shares last traded at $3.46, with a volume of 74638600 shares trading hands.

A number of brokerages have commented on WFT. Jefferies Group cut shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 price target on the stock. in a research report on Thursday. BMO Capital Markets reduced their price target on shares of Weatherford International from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley reduced their price target on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Societe Generale upgraded shares of Weatherford International from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Sunday, October 8th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.94.

The firm has a market capitalization of $3,640.00, a P/E ratio of -2.58 and a beta of 2.32. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

Weatherford International (NYSE:WFT) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.39) earnings per share. equities research analysts predict that Weatherford International Plc will post -1.02 EPS for the current year.

In related news, VP Douglas M. Mills sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total value of $28,125.00. Following the completion of the sale, the vice president now owns 271,625 shares of the company’s stock, valued at $1,018,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.16% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC purchased a new stake in Weatherford International in the third quarter worth $123,000. Balentine LLC lifted its stake in Weatherford International by 68.5% in the third quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after acquiring an additional 14,922 shares during the period. Private Advisor Group LLC lifted its stake in Weatherford International by 63.2% in the second quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 15,178 shares during the period. Toronto Dominion Bank lifted its stake in Weatherford International by 244.5% in the third quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 28,070 shares during the period. Finally, CIBC World Markets Inc. purchased a new stake in Weatherford International in the second quarter worth $161,000.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.mareainformativa.com/2018/01/05/weatherford-international-wft-shares-gap-down-to-4-17.html.

Weatherford International Company Profile

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.