Weatherford International plcs in-depth stock price analysis indicates that the stock price has rallied 25.47% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 10.99% . Looking at the past 52 week period, the stock price is down -6.34% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Weatherford International plc has a negative value of -35.86 compared to overall market performance. Weatherford International plc (NYSE:WFT) has tumbled 1.3% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.21% in the last four weeks. The stocks have underperformed the S&P 500 by 2.1% during the past week but Weatherford International plc (NYSE:WFT) it has outperformed the index in 4 weeks by 13.15%.
Weatherford International plc (NYSE:WFT) : On Friday heightened volatility was witnessed in Weatherford International plc (NYSE:WFT) which led to swings in the share price. The stock opened for trading at $6.08 and hit $6.15 on the upside , eventually ending the session at $6.06, with a gain of 1.68% or 0.1 points. The heightened volatility saw the trading volume jump to 22,032,857 shares. The 52-week high of the share price is $8.49 and the company has a market cap of $5,950 million. The 52-week low of the share price is at $3.73 .
Weatherford International Plc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $-0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $-0.33. The company had revenue of $1406.00 million for the quarter, compared to analysts expectations of $1429.89 million. The companys revenue was down -30.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Weatherford International Plc was Upgraded by Loop Capital to Buy on Feb 3, 2017. Weatherford International Plc was Downgraded by Jefferies to Hold on Jan 27, 2017. Weatherford International Plc was Initiated by SunTrust to Buy on Jan 18, 2017. Weatherford International Plc was Downgraded by Barclays on Jan 9, 2017 to Equal Weight, Lowers Price Target to $ 7 from a previous price target of $8 .Weatherford International Plc was Reiterated by Cowen on Dec 13, 2016 to Outperform, Lowers Price Target to $ 7 from a previous price target of $9 .
Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Douglas M. Mills (VP & Chief Accounting Officer) sold 6,462 shares at 5.30 per share price.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.
Weatherford International is one of the worlds leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The companys products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services.