Weatherford International Plc (WFT) is Upgraded by Piper Jaffray to Overweight

Weatherford International Plc (WFT) was Upgraded by Piper Jaffray to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Weatherford International Plc. Weatherford International Plc was Downgraded by Societe Generale to ” Hold” on May 10, 2016. Shares were Reiterated by KLR Group on May 9, 2016 to “Accumulate” and Lowered the Price Target to $ 7.25 from a previous price target of $9.25 .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 .

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 closed down -0.08 points or -1.43% at $5.53 with 1,31,88,322 shares getting traded on Wednesday. Post opening the session at $5.5, the shares hit an intraday low of $5.28 and an intraday high of $5.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 10, 2016, Francis S Kalman (director) purchased 30,000 shares at $5.29 per share price. According to the SEC, on May 10, 2016, Robert A Rayne (director) purchased 100,000 shares at $5.59 per share price. On May 10, 2016, Douglas M. Mills (VP & Chief Accounting Officer) sold 5,070 shares at $5.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Weatherford International Plc

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