D.A. Davidson & CO. decreased its position in Weatherford International plc (NYSE:WFT) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 707,693 shares of the oil and gas company’s stock after selling 27,235 shares during the quarter. D.A. Davidson & CO.’s holdings in Weatherford International were worth $2,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP acquired a new stake in shares of Weatherford International in the second quarter valued at $119,000. Quantbot Technologies LP acquired a new stake in shares of Weatherford International in the first quarter valued at $159,000. Crawford Investment Counsel Inc. lifted its holdings in shares of Weatherford International by 109.9% in the first quarter. Crawford Investment Counsel Inc. now owns 77,247 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 40,450 shares during the period. Icon Wealth Partners LLC lifted its holdings in shares of Weatherford International by 25.3% in the first quarter. Icon Wealth Partners LLC now owns 79,927 shares of the oil and gas company’s stock valued at $183,000 after buying an additional 16,156 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its holdings in shares of Weatherford International by 37.2% in the second quarter. Berkshire Asset Management LLC PA now owns 55,612 shares of the oil and gas company’s stock valued at $183,000 after buying an additional 15,071 shares during the period.

Several analysts have recently weighed in on WFT shares. Cowen set a $5.00 price objective on Weatherford International and gave the company a “buy” rating in a report on Friday, April 13th. Piper Jaffray Companies set a $2.00 price objective on Weatherford International and gave the company a “hold” rating in a report on Tuesday, April 24th. Jefferies Financial Group set a $3.00 price objective on Weatherford International and gave the company a “hold” rating in a report on Tuesday, April 24th. ValuEngine upgraded Weatherford International from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Finally, Credit Suisse Group set a $4.00 price objective on Weatherford International and gave the company a “buy” rating in a report on Thursday, May 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $4.67.

Shares of Weatherford International opened at $3.02 on Friday, according to MarketBeat.com. Weatherford International plc has a 12 month low of $2.07 and a 12 month high of $4.72. The firm has a market cap of $3.19 billion, a PE ratio of -2.60 and a beta of 2.40. The company has a debt-to-equity ratio of -8.51, a current ratio of 1.73 and a quick ratio of 1.14.

Weatherford International (NYSE:WFT) last announced its earnings results on Friday, July 27th. The oil and gas company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. Weatherford International had a negative return on equity of 283.53% and a negative net margin of 46.44%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted ($0.28) earnings per share. Weatherford International’s revenue was up 6.2% compared to the same quarter last year. research analysts anticipate that Weatherford International plc will post -0.56 earnings per share for the current fiscal year.

About Weatherford International

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

Featured Article: Trading Strategy Methods and Types

Want to see what other hedge funds are holding WFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weatherford International plc (NYSE:WFT).

Institutional Ownership by Quarter for Weatherford International (NYSE:WFT)

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.