Media headlines about Weatherford International Plc (NYSE:WFT) have trended somewhat positive this week, AlphaOne reports. AlphaOne, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weatherford International Plc earned a news impact score of 0.14 on AlphaOne’s scale. AlphaOne also assigned headlines about the oil and gas company an impact score of 58 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Broker’s Roundup on Weatherford International Ltd (NYSE:WFT) (cote-ivoire.com)
- MACD Indicator Check for Weatherford International Ltd (WFT) (gonefishingfish.com)
- Weatherford International Plc (WFT) Given Daily Coverage Optimism Rating of 0.01 (bulhufas.com)
- Weatherford International’s Short Interest on May 12 (finance.yahoo.com)
- The Weatherford International Plc (WFT) Shares Bought by ARGA Investment Management LP – BangaloreWeekly (bangaloreweekly.com)
Weatherford International Plc (NYSE:WFT) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.01. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Weatherford International Plc had a negative return on equity of 30.56% and a negative net margin of 59.00%. Weatherford International Plc’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) earnings per share.
Several brokerages have recently issued reports on WFT. Scotiabank set a $6.00 price objective on shares of Weatherford International Plc and gave the stock a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC set a $6.00 price objective on shares of Weatherford International Plc and gave the stock a “hold” rating in a research note on Monday, April 3rd. Wells Fargo & Co raised shares of Weatherford International Plc from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $6.36 to $5.89 in a research note on Monday, March 27th. Deutsche Bank AG set a $8.00 price objective on shares of Weatherford International Plc and gave the stock a “buy” rating in a research note on Monday, March 27th. Finally, BMO Capital Markets set a $7.00 price objective on shares of Weatherford International Plc and gave the stock a “buy” rating in a research note on Monday, March 27th. Two investment 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’s stock. Weatherford International Plc has a consensus rating of “Buy” and an average price target of $7.30.
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In other news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $5.19, for a total transaction of $90,825.00. Following the completion of the transaction, the vice president now directly owns 296,625 shares of the company’s stock, valued at approximately $1,539,483.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Douglas M. Mills sold 14,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $5.58, for a total transaction of $80,324.10. Following the transaction, the vice president now directly owns 318,520 shares of the company’s stock, valued at $1,777,341.60. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Weatherford International Plc Company Profile
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.
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