Weatherford International Plc (WFT) is Reiterated by KLR Group to Accumulate, Lowers Price Target to $ 7.25

Weatherford International Plc (WFT) was Reiterated by KLR Group to “Accumulate” while Lowering the Price Target of the company shares to $ 7.25 from a previous price target of $9.25 . KLR Group advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Weatherford International Plc. Shares were Upgraded by Seaport Global Securities on May 6, 2016 to ” Buy” and Lowered the Price Target to $ 7 from a previous price target of $7.50 .Shares were Reiterated by Scotia Howard Weil on May 6, 2016 to “Sector Perform” and Lowered the Price Target to $ 8 from a previous price target of $9 .Weatherford International Plc was Downgraded by Wells Fargo to ” Market Perform” on May 6, 2016.

On the company’s financial health, Weatherford International Plc reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $-0.19. The company had revenue of $2012.00 million for the quarter, compared to analysts expectations of $2019.12 million. The company’s revenue was down -46.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Weatherford International Plc (WFT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.66 and reached the intraday high at $5.96. The bulls started the profit booking and pushed the shares to intraday low of $5.56. The trading session was marked by a volume range of 2,67,42,691 shares exchanging hands. The 52-week high of the shares is $14.9 and the 52-week low is $4.95. The market cap of the company stands at $5,079 M and there are 89,56,90,430 shares in public circulation.

In a different news, on Mar 1, 2016, Douglas M. Mills (VP & Chief Accounting Officer) sold 3,984 shares at $6.50 per share price. According to the SEC, on Sep 24, 2015, Bernard J Duroc-danner (Chairman, Pres and CEO) sold 610,482 shares at $9.15 per share price. On Sep 23, 2015, Krishna Shivram (CFO) purchased 33,750 shares at $8.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Weatherford International Plc

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