Deutsche Bank Maintains Weatherford International Plc to Buy with Price Target $8.00

Brokerage firm Deutsche Bank Maintains its rating on Weatherford International Plc(NYSE:WFT). In a research note issued to the investors, the brokerage major Raises the price-target to $8.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Citigroup said it Maintains its rating on Weatherford International Plc. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Buy’ by the firm. Imperial Capital said it Initiates Coverage on Weatherford International Plc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘In-line’ by the firm. On Jun 14, 2016, Citigroup said it Maintains its rating on Weatherford International Plc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Buy’ by the firm. Bank of America said it Initiates Coverage on Weatherford International Plc, according to a research note issued on Jun 13, 2016. The shares have been rated ‘Underperform’ by the firm. On Jun 6, 2016, Barclays said it Upgrades its rating on Weatherford International Plc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 3, 2016, Piper Jaffray said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Overweight’ by the firm.

Weatherford International Plc (WFT) made into the market gainers list on Mondays trading session with the shares advancing 5.38% or 0.29 points. Due to strong positive momentum, the stock ended at $5.68, which is also near the day’s high of $5.72. The stock began the session at $5.47 and the volume stood at 2,10,37,749 shares. The 52-week high of the shares is $11.49 and the 52 week low is $4.71. The company has a current market capitalization of $5,090 M and it has 89,61,51,600 shares in outstanding.

Weatherford International Plc(WFT) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.40B. Analysts had an estimated revenue of $1.43B. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.29.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Francis S Kalman (director) purchased 30,000 shares at $5.29 per share price.Also, On May 10, 2016, Robert A Rayne (director) purchased 100,000 shares at $5.59 per share price.On May 10, 2016, Douglas M. Mills (VP & Chief Accounting Officer) sold 5,070 shares at $5.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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