400 Shares in Weatherford International plc (NASDAQ:WFRD) Bought by nVerses Capital LLC

nVerses Capital LLC acquired a new stake in shares of Weatherford International plc (NASDAQ:WFRD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 400 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently bought and sold shares of WFRD. Fifth Third Bancorp lifted its position in shares of Weatherford International by 31.0% during the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after purchasing an additional 85 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Weatherford International by 8.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,585 shares of the company’s stock worth $188,000 after buying an additional 120 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of Weatherford International by 1.1% in the 1st quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock worth $1,307,000 after buying an additional 125 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after acquiring an additional 128 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Weatherford International by 23.4% during the first quarter. Covestor Ltd now owns 918 shares of the company’s stock valued at $106,000 after acquiring an additional 174 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Weatherford International Trading Down 0.9 %

Shares of WFRD stock opened at $83.97 on Wednesday. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.87 and a beta of 0.58. The company’s fifty day simple moving average is $95.47 and its two-hundred day simple moving average is $110.88. Weatherford International plc has a 1 year low of $82.16 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Weatherford International plc will post 6.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WFRD shares. Barclays reduced their price objective on Weatherford International from $165.00 to $154.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a report on Wednesday, July 24th. Citigroup dropped their target price on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Raymond James reduced their target price on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 25th. Finally, Bank of America lowered their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $146.88.

Weatherford International Company Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.