What Can We Expect From The Weatherford (NYSE:WFT) Upgrade By Seaport Global? The TP is Set to $5.0

January 23, 2018 - By Winifred Garcia

  What Can We Expect From The Weatherford (NYSE:WFT) Upgrade By Seaport Global? The TP is Set to $5.0

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.16, from 1.11 in 2017Q2. It dropped, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported.

The Missouri-based Stifel has invested 0.03% in Weatherford International plc (NYSE:WFT). Crawford Invest Counsel reported 0.01% stake. Hutchin Hill Lp holds 0.03% in Weatherford International plc (NYSE:WFT) or 200,000 shares. Toronto Dominion Natl Bank has invested 0% in Weatherford International plc (NYSE:WFT). Renaissance Tech Limited Liability reported 3.14M shares. Pnc Serv Grp has invested 0% in Weatherford International plc (NYSE:WFT). Moreover, Bluestein R H & Co has 0.01% invested in Weatherford International plc (NYSE:WFT) for 50,100 shares. Employees Retirement Association Of Colorado reported 179,143 shares. Commonwealth Bank & Trust Of Aus invested 0% of its portfolio in Weatherford International plc (NYSE:WFT). 1.99M were reported by Citigroup. Private Advisor Group Llc reported 41,369 shares. 15.57 million are owned by Fmr Llc. Contravisory Invest Inc reported 648 shares stake. Quantbot Tech Ltd Partnership holds 85,791 shares. Aqr Capital Management Ltd Liability has 0% invested in Weatherford International plc (NYSE:WFT).

Weatherford (NYSE:WFT) Stock Upgrade

New York-listed Weatherford (NYSE:WFT), was increased by investment analysts at Seaport Global today. Seaport Global increased its rating on the $4.28B market capitalized company to a Buy, and decided to leave its target price per share of $5.0 on WFT shares.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.16, from 1.11 in 2017Q2. It dropped, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported.

The Missouri-based Stifel has invested 0.03% in Weatherford International plc (NYSE:WFT). Crawford Invest Counsel reported 0.01% stake. Hutchin Hill Lp holds 0.03% in Weatherford International plc (NYSE:WFT) or 200,000 shares. Toronto Dominion Natl Bank has invested 0% in Weatherford International plc (NYSE:WFT). Renaissance Tech Limited Liability reported 3.14M shares. Pnc Serv Grp has invested 0% in Weatherford International plc (NYSE:WFT). Moreover, Bluestein R H & Co has 0.01% invested in Weatherford International plc (NYSE:WFT) for 50,100 shares. Employees Retirement Association Of Colorado reported 179,143 shares. Commonwealth Bank & Trust Of Aus invested 0% of its portfolio in Weatherford International plc (NYSE:WFT). 1.99M were reported by Citigroup. Private Advisor Group Llc reported 41,369 shares. 15.57 million are owned by Fmr Llc. Contravisory Invest Inc reported 648 shares stake. Quantbot Tech Ltd Partnership holds 85,791 shares. Aqr Capital Management Ltd Liability has 0% invested in Weatherford International plc (NYSE:WFT).

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 34 analysts covering Weatherford International Ltd. (NYSE:WFT), 27 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Weatherford International Ltd. has $20 highest and $4.2 lowest target. $7.28’s average target is 68.91% above currents $4.31 stock price. Weatherford International Ltd. had 106 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Buy”. The firm has “Buy” rating by Tudor Pickering given on Friday, March 24. The firm has “Buy” rating by Citigroup given on Wednesday, October 5. The firm earned “Buy” rating on Friday, November 10 by RBC Capital Markets. As per Friday, February 5, the company rating was maintained by Howard Weil. The company was maintained on Monday, October 26 by Oppenheimer. The stock of Weatherford International plc (NYSE:WFT) has “Buy” rating given on Friday, July 24 by Guggenheim. As per Friday, December 2, the company rating was initiated by Bernstein. On Tuesday, October 27 the stock rating was upgraded by Susquehanna to “Positive”. The company was downgraded on Thursday, July 6 by Bernstein.

It closed at $4.31 lastly. It is down 2.15% since January 23, 2017 and is uptrending. It has underperformed by 14.55% the S&P500.

Analysts await Weatherford International plc (NYSE:WFT) to report earnings on February, 7. They expect $-0.20 earnings per share, up 37.50 % or $0.12 from last year’s $-0.32 per share. After $-0.22 actual earnings per share reported by Weatherford International plc for the previous quarter, Wall Street now forecasts -9.09 % EPS growth.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $4.28 billion. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. It currently has negative earnings. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs.

More notable recent Weatherford International plc (NYSE:WFT) news were published by: Prnewswire.com which released: “Weatherford Completes Sale of US Hydraulic Fracturing Business to Schlumberger …” on December 29, 2017, also Reuters.com with their article: “Weatherford shares plummet after company scraps OneStim venture” published on January 02, 2018, Seekingalpha.com published: “Weatherford Scraps JV, Sells Pressure Pumping Assets Instead” on January 08, 2018. More interesting news about Weatherford International plc (NYSE:WFT) were released by: Investorplace.com and their article: “Falling Sales Growth Make Weatherford International (WFT) a Sell” published on January 17, 2018 as well as Bizjournals.com‘s news article titled: “Deal of the Week: Weatherford sells US fracking business to Schlumberger …” with publication date: January 05, 2018.

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