Media headlines about Weatherford International (NYSE:WFT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weatherford International earned a news impact score of 0.04 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.887740286575 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Weatherford International plc (WFT) Swings under Short-Term Obligation – Stock News Stop (stockmarketstop.com)
- Weatherford International plc (NYSE:WFT) – Market Cap Evaluation – Nasdaq Journal (nasdaqjournal.com)
- Why this stock is very risky?: Weatherford International plc (WFT) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Barclays Slashes Weatherford Price Target On Execution Risk, Highly Levered Balance Sheet (msn.com)
- Technical Indicators & Active Traders – Weatherford International plc, (NYSE: WFT) – Stock Watch (stocksnewstimes.com)
A number of brokerages have recently weighed in on WFT. BMO Capital Markets restated a “hold” rating on shares of Weatherford International in a research note on Thursday, January 25th. Credit Suisse Group reduced their price objective on shares of Weatherford International from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Cowen reiterated a “buy” rating and set a $6.00 target price on shares of Weatherford International in a research note on Monday, February 5th. Tudor Pickering cut shares of Weatherford International from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, Morgan Stanley cut their target price on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.48.
Weatherford International (NYSE:WFT) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.12). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 114.20%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.32) EPS. equities research analysts forecast that Weatherford International will post -0.61 earnings per share for the current fiscal year.
In other Weatherford International news, VP Douglas M. Mills sold 15,223 shares of the business’s 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 owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas M. Mills sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the completion of the sale, the vice president now directly owns 271,625 shares in the company, valued at approximately $1,018,593.75. The disclosure for this sale can be found here. Insiders sold a total of 46,726 shares of company stock worth $193,648 in the last three months. Insiders own 1.16% of the company’s stock.
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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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