Weatherford International plc (NYSE:WFT) saw a large growth in short interest in March. As of March 29th, there was short interest totalling 99,978,799 shares, a growth of 15.7% from the March 15th total of 86,382,005 shares. Based on an average trading volume of 17,013,822 shares, the days-to-cover ratio is presently 5.9 days. Currently, 10.0% of the shares of the company are short sold.

Shares of WFT opened at $0.57 on Tuesday. Weatherford International has a 1 year low of $0.22 and a 1 year high of $3.75. The company has a market cap of $589.86 million, a price-to-earnings ratio of -0.97 and a beta of 2.22.

Weatherford International (NYSE:WFT) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted ($0.33) earnings per share. As a group, equities research analysts anticipate that Weatherford International will post -0.36 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of Weatherford International by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 85,521,323 shares of the oil and gas company’s stock valued at $231,762,000 after acquiring an additional 947,228 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Weatherford International by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 85,521,323 shares of the oil and gas company’s stock valued at $231,762,000 after acquiring an additional 947,228 shares during the last quarter. Perella Weinberg Partners Capital Management LP boosted its position in shares of Weatherford International by 48.3% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 34,476,124 shares of the oil and gas company’s stock valued at $19,272,000 after acquiring an additional 11,221,106 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Weatherford International by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 27,331,719 shares of the oil and gas company’s stock valued at $15,278,000 after acquiring an additional 2,047,074 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Weatherford International by 25.1% during the 4th quarter. Mackenzie Financial Corp now owns 21,525,616 shares of the oil and gas company’s stock valued at $12,033,000 after acquiring an additional 4,323,612 shares during the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

WFT has been the subject of a number of research analyst reports. Capital One Financial lowered shares of Weatherford International from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Zacks Investment Research raised shares of Weatherford International from a “sell” rating to a “hold” rating in a report on Monday, January 28th. BMO Capital Markets lowered shares of Weatherford International from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $2.50 to $1.00 in a report on Wednesday, January 9th. Raymond James reaffirmed a “sell” rating on shares of Weatherford International in a report on Monday, December 17th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Weatherford International in a report on Sunday, January 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. Weatherford International has an average rating of “Hold” and a consensus price target of $1.63.

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About Weatherford International

Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing and fluid systems, cementing, and coiled-tubing intervention; and drill stem test tools, and surface well testing and multiphase flow measurement services.

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