Were Analysts Bearish Weatherford International Plc (NYSE:WFT) This Week?

Cornelia Mascio
Novembre 19, 2017

WFT's SI was 155.40 million shares in November as released by FINRA. About 1.87 million shares traded. (NYSE:WFT), 24 have Buy rating, 1 Sell and 6 Hold. Weatherford International Ltd. had 99 analyst reports since July 24, 2015 according to SRatingsIntel. The share price was last seen 0.64% higher, reaching at $56.4 on November 16, 2017. Given that liquidity is king in short-term, WFT is a stock with 992.53 million shares outstanding that normally trades 15.83% of its float. Weatherford International Plc (NYSE:WFT) has risen 2.15% since November 16, 2016 and is uptrending. It has underperformed by 14.55% the S&P500.

Aristotle Capital Boston Llc increased Providence Svc Corp (PRSC) stake by 13.18% reported in 2017Q2 SEC filing. The Aristotle Capital Boston Llc holds 182,125 shares with $9.22M value, up from 160,920 last quarter. Noting its average daily volume at 5.52 million shares each day over the month, this signifies a pretty significant change over the norm. Culp, Inc. (NYSE:CFI) has risen 18.77% since November 18, 2016 and is uptrending.

Investors sentiment decreased to 1.11 in Q2 2017. 0 analysts say it's a Hold while 1 analysts provided their expert opinion as Sell. It turned negative, as 59 investors sold Weatherford International Plc shares while 88 reduced holdings. 57 funds opened positions while 106 raised stakes. Carmignac Gestion has 1.70 million shares for 0.05% of their portfolio. Sumitomo Mitsui Asset Ltd has 15,982 shares for 0% of their portfolio. Ameriprise Fin, Minnesota-based fund reported 4.07 million shares. In order to determine directional movement, the 50-day and 200-day moving averages for Weatherford International plc (NYSE:WFT) are $3.9 and $4.23.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings results on Wednesday, November 1st. Price T Rowe Assocs Md invested in 0.03% or 10.29 million shares.

WFT has been the subject of a number of other research reports. Sterling Capital Mngmt Ltd Liability Corp has 11,857 shares. Van Strum And Towne holds 46,228 shares or 3.99% of its portfolio.

San Francisco Sentry Investment Group Ca, which manages about $245.76M and $280.81M US Long portfolio, decreased its stake in Caterpillar Inc Del (NYSE:CAT) by 18,331 shares to 119,917 shares, valued at $12.89M in 2017Q2, according to the filing. Axa owns 374,773 shares. Huntington State Bank holds 0% or 100 shares.

Weatherford International is one of the world's leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. The firm has "Buy" rating given on Wednesday, September 6 by Robert W. Baird. Therefore 77% are positive. The analysts, on average, are forecasting a $5.55 price target, but the stock is already up 7.28% from its recent lows. The rating was maintained by BMO Capital Markets with "Hold" on Monday, October 16. Jefferies maintained Weatherford International Plc (NYSE:WFT) on Friday, September 1 with "Hold" rating. BMO Capital Markets maintained the stock with "Outperform" rating in Thursday, August 3 report. As per Friday, November 3, the company rating was upgraded by Bernstein. The rating was upgraded by Susquehanna to "Positive" on Tuesday, October 27. Zacks upgraded the stock to "Hold" rating in Thursday, August 20 report. On Wednesday, August 30 the stock rating was maintained by Cowen & Co with "Buy".

Investors sentiment increased to 1.09 in Q2 2017. Its down 0.03, from 0.86 in 2017Q1.

A number of research analysts have commented on WFT shares. 19 funds opened positions while 49 raised stakes. Commonwealth Of Pennsylvania School Empls Retrmt System accumulated 82,591 shares. Aqr Capital Mngmt Limited Liability reported 12,865 shares or 0% of all its holdings. Following the transaction, the vice president now directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. Zurcher Kantonalbank (Zurich Cantonalbank) has 617 shares. Cushing Asset Mgmt Lp reported 728,299 shares stake. Orbimed Advsrs Ltd Liability Company stated it has 0.79% of its portfolio in Insmed Incorporated (NASDAQ:INSM). Comerica State Bank has invested 0.02% in The Providence Service Corporation (NASDAQ:PRSC). The stock rose 1.33% or $0.04 reaching $3.43 per share.

Among 3 analysts covering The Providence Service Corporation (NASDAQ:PRSC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 29% are positive. The rating was maintained by Citigroup with "Buy" on Thursday, October 5. Citigroup has "Neutral" rating and $13 target. The rating was initiated by Summit Redstone Partners with "Buy" on Wednesday, July 20. The company was maintained on Monday, October 26 by Oppenheimer. Barrington Research has "Outperform" rating and $61 target.

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