Weatherford International (WFT) Getting Somewhat Positive Press Coverage, Study Shows

Press coverage about Weatherford International (NYSE:WFT) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Weatherford International earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.6823295174418 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Weatherford International (NYSE:WFT) opened at $3.37 on Friday. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International has a 1-year low of $3.08 and a 1-year high of $7.09.

Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.39) EPS. equities analysts predict that Weatherford International will post -1.02 earnings per share for the current year.

A number of brokerages have issued reports on WFT. Citigroup upped their price objective on Weatherford International from $5.30 to $5.60 and gave the company a “buy” rating in a research note on Thursday, October 5th. Seaport Global Securities upgraded Weatherford International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $4.00 to $5.00 in a research note on Wednesday, November 1st. Societe Generale upgraded Weatherford International from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets cut their price target on Weatherford International from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Deutsche Bank assumed coverage on Weatherford International in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $6.07.

In related news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the sale, the vice president now owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.16% of the company’s stock.

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