Media headlines about Weatherford International (NYSE:WFT) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weatherford International earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.0437571823363 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. BMO Capital Markets reiterated a “hold” rating on shares of Weatherford International in a research note on Thursday, January 25th. Seaport Global Securities upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $5.00 in a research note on Wednesday, November 1st. Bank of America raised shares of Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Tuesday, January 16th. Finally, Jefferies Group downgraded shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 price target for the company. in a report on Thursday, January 4th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $5.77.
Shares of Weatherford International (WFT) traded up $0.02 during mid-day trading on Thursday, reaching $3.96. 4,119,340 shares of the company’s stock were exchanged, compared to its average volume of 21,594,721. Weatherford International has a twelve month low of $3.08 and a twelve month high of $7.09. The stock has a market capitalization of $3,910.00, a PE ratio of -2.83 and a beta of 2.32. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.
In related news, VP Douglas M. Mills sold 6,072 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the completion of the transaction, the vice president now owns 232,399 shares in the company, valued at $985,371.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Douglas M. Mills sold 15,223 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.07, for a total transaction of $61,957.61. Following the transaction, the vice president now owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,726 shares of company stock valued at $193,648. Corporate insiders own 1.16% of the company’s stock.
WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/01/weatherford-international-wft-getting-somewhat-favorable-press-coverage-analysis-shows.html.
About Weatherford International
Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.
Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.