Economy

What's Weatherford International Plc (NYSE:WFT) Upside After This Short Interest Increase?

Ward Ferry Management Ltd who had been investing in Yy Inc for a number of months, seems to be bullish on the $8.08 billion market cap company. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as strawberries, plantains, and mangos. It has a 69.56 P/E ratio. Weatherford International has a 1-year low of $3.08 and a 1-year high of $7.09. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company's stock worth $51,653,000 after buying an additional 3,103,335 shares during the last quarter. 26,423,700 shares of the company's stock were exchanged, compared to its average volume of 23,500,000.

Weatherford International Ltd (NYSE:WFT)'s revenue estimates for the current quarter are $1.5 Billion according to 22 number of analysts, for the current quarter the company has high revenue estimates of $1.53 Billion in contradiction of low revenue estimates of $1.45 Billion. It has underperformed by 14.55% the S&P500. The Illinois-based Archford Capital Strategies Llc has invested 0.67% in the stock. The stock price volatility for last week at the close of regular trading was 5.11%, pushing the figure for the whole month to now reaching 7.52%. Fresh Del Monte Produce Inc. Franco-Nevada Corporation (NYSE:FNV) has risen 12.51% since January 10, 2017 and is uptrending. It has underperformed by 4.19% the S&P500. Dc Capital Advisors Ltd holds 500,000 shares or 1.51% of its portfolio. Neuberger Berman Group LLC now owns 332,703 shares of the oil and gas company's stock worth $1,288,000 after buying an additional 9,941 shares during the period. Moreover, Baker Ellis Asset Management Llc has 0.75% invested in the company for 62,301 shares. The stock of YY Inc. Commonwealth Equity Inc, a Massachusetts-based fund reported 38,030 shares.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $5.32 on Weatherford International Ltd (NYSE:WFT). As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. Therefore 79% are positive. Finally, Royal Bank of Canada set a $5.00 target price on shares of Weatherford International and gave the company a buy rating in a report on Thursday, December 21st. The firm earned "Overweight" rating on Thursday, November 2 by Morgan Stanley.

Weatherford International Ltd (NYSE:WFT) 52-week high price stands at $7.09 and low price stands at $3.08, its price distance from 52-week high is -43.72% while its distance from 52-week low price is 29.55%. They issued a "buy" rating and a $6.00 price objective for the company. The stock has "Underperform" rating by Jefferies on Thursday, January 4.

Poplar Forest Capital Llc, which manages about $919.26 million and $1.15B US Long portfolio, decreased its stake in Ally Finl Inc (NYSE:ALLY) by 51,461 shares to 1.76M shares, valued at $42.64 million in 2017Q3, according to the filing. The firm has "Buy" rating by CLSA given on Thursday, November 10. As per Friday, June 24, the company rating was initiated by Imperial Capital. Cowen & Co maintained the shares of WFT in report on Wednesday, August 30 with "Buy" rating. The business's revenue for the quarter was up 7.1% on a year-over-year basis. analysts forecast that Weatherford International will post -1.02 EPS for the current year.

Jefferies Group also issued estimates for Weatherford International's Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at ($0.60) EPS, FY2019 earnings at ($0.10) EPS and FY2020 earnings at $0.45 EPS.

Sell side analysts plays vital role in buying and selling a stock where 8 analysts rated Weatherford International plc (NYSE:WFT) as Buy, 0 analysts given Outperform signal, 1 reported Hold, and 0 analysts rated the stock as Sell.

Quantbot Technologies LP boosted its position in Weatherford International Ltd. (NYSE:WFT) by 52.6% during the third quarter, Holdings Channel reports. Vanguard Group Inc. raised its stake in Weatherford International by 5.4% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 17,742 shares. (NASDAQ:PAYX). Penobscot Inv Mgmt Comm Inc holds 0.08% of its portfolio in Paychex, Inc. Following the transaction, the vice president now owns 202,407 shares in the company, valued at $1,082,877.45. Bluestein R H & Co. grew its position in shares of Weatherford International by 11.3% during the second quarter. Apg Asset Nv owns 2.99M shares or 0.02% of their United States portfolio.

Shares of Weatherford International (NYSE:WFT) traded up $0.18 during mid-day trading on Friday, hitting $4.05. Gabelli Funds Ltd Liability reported 5.82M shares. Rockefeller Fin stated it has 216 shares.

Weatherford International plc Underpriced by 97.53% . The volume for the company on 08-Jan-18 was recorded to be 0.72 million contracts.



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