Walleye Capital LLC Makes New $1.11 Million Investment in Weatherford International plc (NASDAQ:WFRD)

Walleye Capital LLC bought a new position in Weatherford International plc (NASDAQ:WFRDGet Rating) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 33,176 shares of the company’s stock, valued at approximately $1,105,000.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Weatherford International by 105.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,114 shares of the company’s stock worth $7,818,000 after acquiring an additional 144,645 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Weatherford International during the first quarter worth $2,716,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Weatherford International during the first quarter worth $3,397,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Weatherford International during the fourth quarter worth $1,086,000. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of Weatherford International by 11.5% during the first quarter. Prescott Group Capital Management L.L.C. now owns 194,643 shares of the company’s stock worth $6,482,000 after acquiring an additional 20,000 shares during the period. 94.13% of the stock is currently owned by institutional investors and hedge funds.

Weatherford International Stock Performance

Shares of WFRD opened at $32.23 on Monday. The firm has a 50-day moving average of $24.46 and a 200-day moving average of $28.89. Weatherford International plc has a one year low of $16.00 and a one year high of $40.16. The company has a market cap of $2.27 billion, a PE ratio of -6.83 and a beta of 1.40. The company has a debt-to-equity ratio of 4.82, a current ratio of 2.18 and a quick ratio of 1.66.

Weatherford International (NASDAQ:WFRDGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $1.06 billion during the quarter. Weatherford International had a negative net margin of 8.44% and a negative return on equity of 26.60%. As a group, equities analysts forecast that Weatherford International plc will post -0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Weatherford International from $43.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Weatherford International in a research report on Tuesday, September 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Weatherford International in a research report on Wednesday, June 8th. They issued a “buy” rating and a $49.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Weatherford International currently has a consensus rating of “Buy” and a consensus target price of $45.00.

Weatherford International Company Profile

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Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, 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, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services.

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Institutional Ownership by Quarter for Weatherford International (NASDAQ:WFRD)

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