Analysts are on the Bearish side about Weatherford International plc (NYSE:WFT) this week.

October 11, 2018 - By Ellis Scott

Weatherford International plc (NYSE:WFT) LogoInvestors sentiment decreased to 0.75 in Q2 2018. Its down 0.24, from 0.99 in 2018Q1. It dived, as 32 investors sold Weatherford International plc shares while 97 reduced holdings. 37 funds opened positions while 60 raised stakes. 1.06 billion shares or 2.20% less from 1.09 billion shares in 2018Q1 were reported.
State Board Of Administration Of Florida Retirement, Florida-based fund reported 1.22M shares. Prudential Finance Incorporated holds 0% in Weatherford International plc (NYSE:WFT) or 20,600 shares. 3,849 are held by Advisory Service Network Limited Liability Com. Teacher Retirement Of Texas, a Texas-based fund reported 201,599 shares. Pnc Financial Services Grp accumulated 384,254 shares. 995,068 were reported by Susquehanna Grp Inc Ltd Liability Partnership. Channing Capital Management Ltd Company has invested 0.24% in Weatherford International plc (NYSE:WFT). Wellington Mngmt Gru Llp has 11,400 shares for 0% of their portfolio. Moreover, Cambrian Capital Partnership has 0.98% invested in Weatherford International plc (NYSE:WFT) for 307,100 shares. Gabelli Funds Ltd Llc, New York-based fund reported 4.39 million shares. Alyeska Gru L P owns 8.24M shares for 0.26% of their portfolio. Legal & General Group Public Ltd Com invested in 4.12M shares. Vanguard Gp holds 84.57M shares or 0.01% of its portfolio. Encompass Cap Lc owns 4.34M shares for 1.31% of their portfolio. 105,200 are owned by Numerixs Investment Technology.

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 5 analysts covering Weatherford (NYSE:WFT), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Weatherford had 5 analyst reports since April 13, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, April 13 with “Buy”. The company was maintained on Tuesday, April 24 by Piper Jaffray. The company was maintained on Tuesday, April 24 by Jefferies. Below is a list of Weatherford International plc (NYSE:WFT) latest ratings and price target changes.

19/09/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $4 Initiates Coverage On
11/09/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $3 Initiates Coverage On
24/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $2.4600 Maintain
24/04/2018 Broker: Jefferies Rating: Hold New Target: $3.0000 Maintain
13/04/2018 Broker: Cowen & Co Rating: Buy New Target: $5.0000 Maintain

The stock increased 0.19% or $0.01 during the last trading session, reaching $2.61. About 2.53 million shares traded. Weatherford International plc (NYSE:WFT) has declined 38.90% since October 11, 2017 and is downtrending. It has underperformed by 54.52% the S&P500.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $2.60 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.

Weatherford International plc (NYSE:WFT) Ratings Chart

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