Wells Fargo & Co Upgrades Weatherford International Plc (WFT) to “Outperform”

Weatherford International Plc (NYSE:WFT) was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Monday.

Other research analysts have also issued research reports about the stock. Credit Suisse Group AG restated an “outperform” rating and set a $6.91 price target on shares of Weatherford International Plc in a report on Tuesday, March 7th. Cowen and Company restated an “outperform” rating and set a $7.00 price target on shares of Weatherford International Plc in a report on Tuesday, March 7th. Deutsche Bank AG restated a “buy” rating and set a $8.00 price target on shares of Weatherford International Plc in a report on Wednesday, March 8th. Clarkson Capital upgraded shares of Weatherford International Plc from a “sell” rating to a “neutral” rating and raised their price target for the stock from $4.50 to $6.50 in a report on Wednesday, March 8th. Finally, Vetr lowered shares of Weatherford International Plc from a “strong-buy” rating to a “buy” rating and set a $6.78 price target for the company. in a report on Friday, March 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Weatherford International Plc has an average rating of “Buy” and an average price target of $7.53.

Analyst Recommendations for Weatherford International Plc (NYSE:WFT)

Shares of Weatherford International Plc (NYSE:WFT) opened at 5.89 on Monday. Weatherford International Plc has a 12 month low of $3.73 and a 12 month high of $8.49. The company’s market cap is $5.79 billion. The stock has a 50 day moving average of $6.01 and a 200-day moving average of $5.54.

WARNING: This piece was posted by Mideast Time and is the property of of Mideast Time. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.mideasttime.com/wells-fargo-co-upgrades-weatherford-international-plc-wft-to-outperform/1588716.html.

In other Weatherford International Plc news, VP Douglas M. Mills sold 6,462 shares of Weatherford International Plc stock in a transaction on Friday, January 27th. The shares were sold at an average price of $5.30, for a total transaction of $34,248.60. Following the transaction, the vice president now directly owns 328,520 shares of the company’s stock, valued at approximately $1,741,156. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Douglas M. Mills sold 14,395 shares of Weatherford International Plc stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $5.58, for a total transaction of $80,324.10. Following the transaction, the vice president now directly owns 318,520 shares in the company, valued at $1,777,341.60. The disclosure for this sale can be found here. Insiders have sold a total of 30,832 shares of company stock worth $167,939 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BKD Wealth Advisors LLC purchased a new position in Weatherford International Plc during the third quarter worth about $102,000. MSI Financial Services Inc increased its position in Weatherford International Plc by 0.5% in the third quarter. MSI Financial Services Inc now owns 20,738 shares of the company’s stock worth $117,000 after buying an additional 102 shares in the last quarter. Balentine LLC purchased a new position in Weatherford International Plc during the third quarter worth about $122,000. Ladenburg Thalmann Financial Services Inc. increased its position in Weatherford International Plc by 40.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,868 shares of the company’s stock worth $134,000 after buying an additional 7,747 shares in the last quarter. Finally, TRUE Private Wealth Advisors increased its position in Weatherford International Plc by 14.2% in the third quarter. TRUE Private Wealth Advisors now owns 22,191 shares of the company’s stock worth $136,000 after buying an additional 2,760 shares in the last quarter. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

About Weatherford International Plc

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

5 Day Chart for NYSE:WFT

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



Leave a Reply

 
© 2006-2017 Mideast Time.