Economy

State of Wisconsin Investment Board Trims Position in Weatherford International PLC (WFT)

State of Wisconsin Investment Board Trims Position in Weatherford International PLC (WFT)

The oil and gas company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by $0.01.

Weatherford International plc (WFT) has a Return on Assets of -11.7 percent, Return on Investment of -28.6 percent and a Return on Equity of -88.4 percent.

Other hedge funds have also added to or reduced their stakes in the company. Its book value per share for the most recent quarter is $1.34 while its price to book ratio for the same period is 2.49, as for as the company's cash per share for the most recent quarter is $0.45, however its price to cash per share ratio for the same period is 7.43.

Shares of Weatherford International PLC (NYSE WFT) opened at $3.34 on Thursday. Geode Mgmt Ltd Liability Company owns 8.36M shares or 0.01% of their United States portfolio. Riggs Asset Managment reported 0.01% of its portfolio in Weatherford International plc (NYSE:WFT). Finally, Jefferies Group LLC set a $6.00 price objective on shares of Weatherford International Plc and gave the company a hold rating in a research report on Monday, April 3rd.

Weatherford International plc (WFT) declined -2.27% and closed its last trading session at $3.44. Hanson & Doremus Invest Mgmt reported 3,305 shares or 0% of all its holdings. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company's stock valued at $142,000 after buying an additional 15,000 shares during the last quarter. Macquarie Grp Limited accumulated 0% or 27,500 shares.

Technical traders may be staring at recent indicator levels on shares of Alibaba Group Holding Limited (BABA). However, the institutional investors are observed to own 27.20% of the total shares.

Additionally on 11/03/17 Bernstein "Upgrades" Weatherford International Ltd (NYSE:WFT) to Outperform setting price target at $0 and on 11/02/17 Morgan Stanley "Maintained" the stock to Overweight at $5.

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If we look at the Volatility of Weatherford International plc (WFT), Week Volatility is 5.83%, whereas Month Volatility is at 5.07%.

In a research report revealed on Thursday morning, The Hold rating of Weatherford (NYSE:WFT) shares was reiterated by Jefferies, who now has a $5.0 TP on the stock. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable. Sippican Capital Advisors increased its holdings in Weatherford International by 10.3% during the 3rd quarter. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Therefore 50% are positive. Weatherford International Ltd. has $20 highest and $4.2 lowest target. As the current market price of the stock is $20.96 and diluted EPS for the trailing twelve month is 0.47, the P/E ratio for the stock comes out as 44.98. Weatherford International PLC has a 12 month low of $3.08 and a 12 month high of $7.09. Weatherford International plc (NYSE:WFT) has risen 2.15% since December 5, 2016 and is uptrending. As per Monday, January 11, the company rating was upgraded by Wells Fargo. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company's stock worth $1,551,000 after buying an additional 24,920 shares during the last quarter. Credit Suisse maintained it with "Outperform" rating and $13 target in Friday, September 4 report. Guggenheim upgraded the stock to "Buy" rating in Friday, July 24 report. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Weatherford International by 1.5% during the 2nd quarter. The stock of Weatherford International plc (NYSE:WFT) earned "Buy" rating by DA Davidson on Friday, February 19. Its opening price on the last trading day was $3.52. Given that its average daily volume over the 30 days has been 18.59M shares a day, this signifies a pretty significant change over the norm. It has underperformed by 14.55% the S&P500.

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Alibaba Group Holding Limited (NYSE:BABA) has shown an EPS growth of 58.90% in the last 5 years and sales growth of 51.20% for the same year while for the next 5 years; the EPS growth estimates 4.94%.Along with this Sales growth yoy (quarter over quarter) was considered as 60.70%. 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.

Analysts believe that the company has the potential to earn average revenue of $1.5 Billion for the current quarter.


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