Director Minas Angela A acquired 40,000 shares in Weatherford International plc (NYSE:WFT) for $102,711 in transaction occurred on 2018/09/17. After making this transaction, the Director owns a direct stake of 98,000 shares, worth $55,464, as per the last closing price. On 2018/08/24 Macaulay William E, Director at WFT, dumped 767,591 shares at an average price of $2.86 per share. The selling total is valued at $215,699.
Separately, it had been reported that some other WFT insiders also took part of the insider trading activity. VP & Chief Accounting Officer, Mills Douglas M. had divested 6,072 shares for $234,525 through a trade on 2018/01/29. Following this activity, the insider holds 25,745 shares worth $126,644 as of recent close. Wall Street’s most bullish Weatherford International plc (NYSE:WFT) analysts are predicting the share price to blow past $6 per share during the next 12 months. The current median share price forecast by them is $2, suggesting that the stock could increase 270.37% in that time frame. The average price target of $2.15 calls for a nearly 298.15% increase in the stock price.
Weatherford International plc (NYSE:WFT) reaches $547.89M market cap as shares retreated -1.5% in recent session. It closed at $0.54, after slipping as low as $0.52 through the day. The shares were pushed to an intraday high Friday at $0.547. Trading activity significantly weakened as the volume at ready counter decreased to 20,057,839 shares versus 41,989,781 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 40,935,539 shares. The stock is now 145.45% above against its bear-market low of $0.22 on December 26, 2018. It has retreated -716.67% since it’s 52-week high of $4.41 reached in January. Now the market price is down -86.84% on the year and down -3.47% YTD.
WFT’s 50 day simple moving average (SMA 50) price is $0.67 and its 200-day simple moving average (SMA 200) price is $2.37. The company’s stock currently has a total float of 995.01M shares. Its weekly volatility is hovering around 13.67% and felt 23.51% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.55. On a downside, the stock is likely to find some support, which begins at $0.52. The failure to get near-term support could push it to $0.51.
It had seen a negative analyst call from Raymond James, which downgraded the stock from Mkt Perform to Underperform on December 13. Analysts at Wells Fargo, shed their positive views on December 11 by lowering it fromOutperform to Market Perform. The stock lost favor of JP Morgan analysts who expressed their lack of confidence in it using a downgrade from Overweight to Neutral on December 11.
Compared to others, Weatherford International plc is in a different league with regards to profitability, having net margins of -45.6%. To put some perspective around this, the industry’s average net margin is -3.27%. WFT’s ROE is 236.3%, which is also considerably better than the industry’s ROE of 3.7%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 0.
Shares of Weatherford International plc (WFT) have dropped -72.7% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Weatherford International plc (NYSE:WFT) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 4 quarters (33%), whereas at 1 occasion EPS met analyst expectations. WFT last reported earnings on October 29, 2018 when it released Sep-18 results that exceeded expectations. The company raked in -$0.1 per share, -99.5% change on the same period last year. That was better than consensus for -$0.12. Revenue for the recent quarter stood at $1.44 billion, down -1% on last year and below the $1.52 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.25 billion to $1.48 billion, which should be compared with $1.68 billion generated last year. EPS is seen in a range of -$0.13 to 0, against the -$0.05 reported a year ago.