Global Updates

Weatherford International Plc (NYSE:WFT) Ended Green during Last Trade

Weatherford International Plc (NYSE:WFT) shares traded 2.32% during the most recent session the stock exchanged hands 21.63M shares versus average trading capacity of 22.91M shares, yielding a market cap of $5.65B. Wall Street analysts covering the stock are projecting that the stock will reach $7.69 within the next 52-weeks. The mean target projections are based on 32 opinions, the mean target was last revised on 04/20/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Weatherford International Plc (NYSE:WFT) high price target of $12.00 and with a conservative view have low price target of $5.90 with a standard deviation of $1.86. If seeing target price from optimistic overview then it has a 109 percent upside potential from the latest closing price of $5.74.

Weatherford International Plc (NYSE:WFT) received “Downgrade” rating by Goldman in a research note issued to investors on Apr-13-17 from Buy to Neutral.

Additionally on Mar-27-17 Weatherford International Plc (NYSE:WFT) was “Upgraded” by Wells Fargo from Market Perform to Outperform and on Mar-07-17 the stock was “Upgrade” by CapitalOne from Equal Weight to Overweight. Furthermore on Feb-03-17 the stock was “Upgraded” by Loop Capital from Hold to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 42.98 along with Average True Range (ATR 14) of 0.29, Consequently Weatherford International Plc (NYSE:WFT) weekly and monthly volatility is 5.86%, 4.47% respectively. The company’s beta value is at 2.37.

In terms of Buy, Sell or Hold recommendations, Weatherford International Plc (NYSE:WFT) has an analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Weatherford International Plc (NYSE:WFT) will report earnings of -$0.31 for the current quarter on or around 4/27/2017 After Market Close, however the company’s high EPS estimates are -$0.28 and low estimates are -$0.33. However the company reported -$0.29 earnings per share for the same quarter during last year.

Previously Weatherford International Plc (NYSE:WFT) reported -$0.32 earnings per share (EPS) for the quarter on 2/1/2017 After Market Close, beating the consensus estimate of -$0.34 by $0.01. The company posted an earnings surprise of 3.03%.

While considering growth estimates of the company, it has next quarter growth estimates of 7.10% whereas during current quarter it has -6.90% estimations over growth, comparing to the estimations of 31.80% during current year and 88.60% for next year. Past 5 years growth of Weatherford International Plc (NYSE:WFT) observed at 33.99%, looking forward for the next 5 years it has a strong prediction of -23.56% over growth.

Weatherford International Plc (NYSE:WFT) revenue estimates for the current quarter are $1.37B according to 24 number of analysts, for the current quarter the company has high revenue estimates of $1.42B in contradiction of low revenue estimates of $1.32B. For the current year the company’s revenue estimates are $6.02B compared to low analyst estimates of $5.5B and high estimates of $6.53B according 30 number of analysts.

Currently Weatherford International Plc (NYSE:WFT) shares owned by insiders are 0.70%, whereas shares owned by institutional owners are 92.50%. However the six-month change in the insider ownership was recorded -0.45%, as well as three-month change in the institutional ownership was recorded 0.22%.

Weatherford International Plc (NYSE:WFT) trading -32.39% away from its 52 week high of $8.49 and +53.89% far from the stock’s low point over the past 52 weeks, which was $3.73. The stock hit its 52-week high on 04/29/16, and 52-week low on 11/08/16.The Company’s trailing twelve month income is -3392.00M dollars.

Weatherford International Plc (NYSE:WFT) trailing twelve month revenues are $5.75B, whereas its price to sales ratio for the same period is 0.98. Its book value per share for the most recent quarter is $2.15 while its price to book ratio for the same period is 2.67, as for as the company’s cash per share for the most recent quarter is $1.05, however its price to cash per share ratio for the same period is 5.45.

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