Insider Selling: Weatherford International Plc (WFT) VP Sells 15,223 Shares of Stock

Weatherford International Plc (NYSE:WFT) VP Douglas M. Mills sold 15,223 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $4.07, for a total value of $61,957.61. Following the sale, the vice president now directly owns 256,402 shares in the company, valued at approximately $1,043,556.14. The sale was disclosed in a document filed with the SEC, which is available at this link.

Weatherford International Plc (NYSE:WFT) traded up $0.09 during trading on Friday, hitting $4.05. The stock had a trading volume of 13,644,068 shares, compared to its average volume of 21,900,000. The firm has a market cap of $3,930.00, a PE ratio of -2.83 and a beta of 2.32. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International Plc has a 52-week low of $3.08 and a 52-week high of $7.09.

Weatherford International (NYSE:WFT) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. The company 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 firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.39) EPS. equities research analysts forecast that Weatherford International Plc will post -1.02 EPS for the current year.

Several analysts have issued reports on WFT shares. Citigroup increased their target price on Weatherford International from $5.30 to $5.60 and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group set a $5.00 target price on Weatherford International and gave the company a “hold” rating in a research report on Thursday, October 5th. Cowen set a $8.00 target price on Weatherford International and gave the company a “buy” rating in a research report on Friday, October 6th. Royal Bank of Canada set a $6.00 target price on Weatherford International and gave the company a “buy” rating in a research report on Sunday, October 8th. Finally, Deutsche Bank initiated coverage on Weatherford International in a research report on Tuesday, October 10th. They set a “buy” rating and a $6.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Weatherford International has an average rating of “Buy” and an average target price of $5.77.

Hedge funds have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new position in Weatherford International in the 3rd quarter worth $123,000. Private Advisor Group LLC raised its stake in Weatherford International by 63.2% in the 2nd 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 last quarter. CIBC World Markets Inc. purchased a new position in Weatherford International in the 2nd quarter worth $161,000. Balentine LLC raised its stake in Weatherford International by 68.5% in the 3rd 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 last quarter. Finally, Toronto Dominion Bank raised its stake in Weatherford International by 244.5% in the 3rd 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 last quarter.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

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