Douglas M. Mills Sells 17,500 Shares of Weatherford International PLC (WFT) Stock

Weatherford International PLC (NYSE:WFT) VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weatherford International PLC (WFT) opened at 4.14 on Wednesday. The firm’s market cap is $4.09 billion. The stock has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.87. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09.

Weatherford International PLC (NYSE:WFT) last issued its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned ($0.28) earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Analysts predict that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in WFT. ProShare Advisors LLC lifted its holdings in shares of Weatherford International PLC by 8.7% during the 1st quarter. ProShare Advisors LLC now owns 90,239 shares of the oil and gas company’s stock valued at $600,000 after purchasing an additional 7,186 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Weatherford International PLC by 13.5% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 1,899 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Weatherford International PLC by 58.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 101,807 shares of the oil and gas company’s stock valued at $693,000 after purchasing an additional 37,643 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Weatherford International PLC by 34.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 28,500 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 7,300 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Weatherford International PLC by 181.1% during the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 16,444 shares in the last quarter.

Several research firms recently weighed in on WFT. BidaskClub downgraded shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada set a $8.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Weatherford International PLC from $4.75 to $5.50 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Weatherford International PLC has an average rating of “Buy” and a consensus price target of $6.39.

Weatherford International PLC Company Profile

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.

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