Wells Fargo Upgrades Weatherford International Plc to Outperform

Brokerage firm Wells Fargo Upgrades its rating on Weatherford International Plc(WFT). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Wells Fargo was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 8, 2017, Clarksons Platou said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2017, Capital One Financial said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Overweight’ by the firm. On Feb 3, 2017, Loop Capital said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Buy’ by the firm. 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) made into the market gainers list on Fridays trading session with the shares advancing 0.34% or 0.02 points. Due to strong positive momentum, the stock ended at $5.89, which is also near the day’s high of $6.25. The stock began the session at $5.91 and the volume stood at 1,90,01,549 shares. The 52-week high of the shares is $8.49 and the 52 week low is $3.73. The company has a current market capitalization of $5,792 M and it has 98,33,92,500 shares in outstanding.

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 Mar 1, 2017, Douglas M. Mills (VP & Chief Accounting Officer) sold 14,395 shares at $5.59 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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