Loop Capital Upgrades Weatherford International Plc to Buy

Brokerage firm Loop Capital Upgrades its rating on Weatherford International Plc(WFT). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Loop Capital was issued on Feb 3, 2017.

In a different note, On Jan 27, 2017, Jefferies said it Downgrades its rating on Weatherford International Plc. According to the research note, Jefferies Lowers the price target to $6 per share from a prior target of $7. The shares have been rated ‘Hold’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage On Weatherford International Plc, according to a research note issued on Jan 18, 2017. In the research note, the firm Announces the price-target to $8 per share. The shares have been rated ‘Buy’ by the firm. On Jan 9, 2017, Barclays said it Downgrades its rating on Weatherford International Plc. According to the research note, Barclays Lowers the price target to $7 per share from a prior target of $8. The shares have been rated ‘Equal-Weight’ by the firm.

Weatherford International Plc (WFT) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -2.50% at a volume of 2,64,95,250. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.11. The peak price level was also seen at $6.11 while the days lowest was $5.77. Finally the shares closed at $5.85. The 52-week high of the shares is $8.49 while the 52-week low is $3.73. According to the latest information available, the market cap of the company is $5,743 M.

Weatherford International Plc(WFT) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.406B. Analysts had an estimated revenue of $1.440B. Earnings per share were $-0.32. Analysts had estimated an EPS of $-0.32.

Several Insider Transactions has been reported to the SEC. On Jan 30, 2017, Douglas M. Mills (VP & Chief Accounting Officer) sold 6,462 shares at $5.30 per share price.Also, On May 10, 2016, Francis S Kalman (director) purchased 30,000 shares at $5.29 per share price.On May 10, 2016, Robert A Rayne (director) purchased 100,000 shares at $5.59 per share price, according to the Form-4 filing with the securities and exchange commission.

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