Analysts are on the Bearish side about Weatherford International plc (NYSE:WFT) this week.

January 17, 2018 - By Maria Brooks

 Analysts are on the Bearish side about 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 turned negative, 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.
Parkside Bank & Trust And Trust owns 121 shares or 0% of their US portfolio. Factory Mutual Insurance Company accumulated 0.15% or 3.02 million shares. Ballentine Limited Liability has 11,375 shares for 0% of their portfolio. Ckw Finance Gp reported 2,000 shares. Franklin Resource has 51.56M shares. Virtu Ltd Liability Corp holds 30,336 shares or 0% of its portfolio. Levin Strategies L P invested 0% of its portfolio in Weatherford International plc (NYSE:WFT). Dc Cap Advisors accumulated 1.51% or 500,000 shares. Next Financial Group stated it has 0% of its portfolio in Weatherford International plc (NYSE:WFT). Saratoga Research Management has invested 0% in Weatherford International plc (NYSE:WFT). Westpac Banking Corp reported 60,754 shares. 5.17M were accumulated by Legal & General Public Ltd Co. Walleye Trading Ltd Llc has 0.01% invested in Weatherford International plc (NYSE:WFT) for 353,582 shares. Cambrian Cap L P holds 320,600 shares. Aperio Grp Limited Company has 0% invested 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. The stock of Weatherford International plc (NYSE:WFT) earned “Buy” rating by TD Securities on Friday, September 11. Cowen & Co maintained the shares of WFT in report on Wednesday, August 30 with “Buy” rating. The company was maintained on Wednesday, June 21 by BMO Capital Markets. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Hold”. On Friday, July 24 the stock rating was upgraded by Guggenheim to “Buy”. The firm has “Underperform” rating by Bank of America given on Monday, June 13. The firm has “Outperform” rating given on Wednesday, November 2 by Raymond James. Howard Weil maintained it with “Sector Perform” rating and $8 target in Friday, May 6 report. The stock of Weatherford International plc (NYSE:WFT) has “Outperform” rating given on Monday, October 26 by Oppenheimer. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Overweight”. 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: Bizjournals.com which released: “Deal of the Week: Weatherford sells US fracking business to Schlumberger …” on January 05, 2018, also Reuters.com published article titled: “Weatherford shares plummet after company scraps OneStim venture”, 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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