News articles about Weatherford International (NYSE:WFT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Weatherford International earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.714698706256 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
WFT has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Sanford C. Bernstein raised shares of Weatherford International from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Citigroup downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price target for the company. in a research note on Monday, November 6th. Zacks Investment Research cut shares of Weatherford International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada set a $5.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Thursday, December 21st. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Weatherford International currently has an average rating of “Hold” and a consensus price target of $5.48.
Shares of Weatherford International (NYSE:WFT) traded down $0.02 during midday trading on Wednesday, hitting $2.74. 9,393,218 shares of the stock traded hands, compared to its average volume of 26,984,545. The company has a market capitalization of $2,740.00, a P/E ratio of -1.65 and a beta of 2.07. Weatherford International has a 52-week low of $2.62 and a 52-week high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.
Weatherford International (NYSE:WFT) last issued its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Weatherford International had a negative return on equity of 75.02% and a negative net margin of 49.36%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) EPS. equities research analysts forecast that Weatherford International will post -0.61 earnings per share for the current year.
In related news, VP Douglas M. Mills sold 15,223 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were 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 in the company, valued at $1,043,556.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Douglas M. Mills sold 17,931 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total transaction of $77,820.54. Following the transaction, the vice president now owns 238,471 shares in the company, valued at approximately $1,034,964.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,726 shares of company stock worth $193,648. 1.16% of the stock is owned by insiders.
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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.
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