Scotiabank Reiterates "Hold" Rating for Weatherford International PLC (WFT)

Mae Love
January 14, 2018

Analysts believe that the company has the potential to earn average revenue of $1.5 Billion for the current quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 303,491 shares of the oil and gas company's stock valued at $1,175,000 after buying an additional 34,034 shares in the last quarter. The data from the past twelve months tells a different story: insiders executed 19 buys and 35 sells, and ownership increased by a net of 3.41 million shares. Finally, Jefferies Group downgraded Weatherford International from a "hold" rating to an "underperform" rating and set a $3.00 target price on the a report on Thursday, January 4th. It has underperformed by 14.55% the S&P500.

Telemus Capital Llc decreased Verizon Communications Inc (VZ) stake by 75.91% reported in 2017Q3 SEC filing. The institutional investor held 249,994 shares of the central company at the end of 2017Q3, valued at $9.49 million, up from 132,550 at the end of the previous reported quarter. The company has market cap of $1.22 billion. The stock increased 0.24% or $0.11 during the last trading session, reaching $46.15. About 22.50 million shares traded. Revance Therapeutics, Inc. (RVNC) has risen 20.40% since January 12, 2017 and is uptrending. It has underperformed by 3.88% the S&P500. The company presently has a consensus rating of "Buy" and an average target price of $5.90. Therefore 100% are positive. Weatherford International Ltd. had 105 analyst reports since July 24, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with "Buy" rating and $47.0 target in Monday, October 2 report. On Friday, August 28 the stock rating was downgraded by Vetr to "Buy". Jefferies Group LLC restated a "buy" rating and set a $7.00 price objective (down previously from $7.50) on shares of Weatherford International PLC in a research report on Thursday, November 10th. Sanford C. Bernstein raised Weatherford International from a "market perform" rating to an "outperform" rating in a report on Friday, November 3rd. Therefore 52% are positive. The firm has "Buy" rating by RBC Capital Markets given on Thursday, December 21. Royal Bank of Canada set a $6.00 target price on shares of Weatherford International and gave the company a "buy" rating in a research note on Sunday, October 8th. The company was upgraded on Tuesday, March 7 by Capital One.

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Investors sentiment decreased to 0.95 in Q3 2017. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. 39 funds opened positions while 89 raised stakes. First Citizens Comml Bank & Tru holds 0.45% or 76,702 shares. Dorsey & Whitney Ltd Liability Corp holds 12,317 shares.

While taking a look at financials, we can look at a number of key indicators about Weatherford International plc (WFT) . Bourgeon Cap Management Ltd reported 0.04% stake. Invesco Ltd holds 3.57M shares. Schwab Charles Investment Management Inc. increased its position in shares of Weatherford International by 0.3% in the 2nd quarter. Alexandria holds 0% or 353 shares in its portfolio. Moreover, Pura Vida Investments Llc has 0.69% invested in the company for 50,000 shares. Encompass Capital Advsrs Limited Liability has 2.25M shares for 1.68% of their portfolio. Following the transaction, the vice president now owns 271,625 shares of the company's stock, valued at approximately $1,018,593.75. Nikko Asset Americas has invested 0.3% in Weatherford International plc (NYSE:WFT). The company's revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts expect that Weatherford International will post -1.02 EPS for the current fiscal year. During the same period previous year, the firm posted ($0.39) EPS. Cornercap Counsel Inc has 0.01% invested in Weatherford International plc (NYSE:WFT). Walter Keenan Consulting Mi Adv, a Indiana-based fund reported 44,624 shares. Accenture Plc Cl A (NYSE:ACN) was raised too. Ltd. grew its holdings in shares of Weatherford International by 5,565.1% during the third quarter. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 5,658 shares in the quarter, leaving it with 43,881 shares, and cut its stake in Spdr Series Trust (KRE). Four research analysts have rated the stock with a sell rating, four have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The firm has "Hold" rating given on Wednesday, September 6 by BMO Capital Markets. (NYSE:WM) earned "In-Line" rating by Imperial Capital on Friday, July 29. Evercore has "Hold" rating and $36 target. The firm has "Buy" rating given on Tuesday, August 15 by Citigroup. The Stock now has a Weekly Volatility of 6.19% and Monthly Volatility of 5.36%. (NYSE:VZ) on Tuesday, July 18 with "Hold" rating. The company was maintained on Thursday, October 5 by Bank of America. Pomelo Capital Llc acquired 580,000 shares as Weatherford Intl Plc (WFT)'s stock declined 8.25%.

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