Weatherford International plc (WFT) Reaches $3.63 After 5.00% Up Move; Servicesource International (SREV) Shorts Lowered By 16.26%

May 22, 2018 - By Louis Casey

Weatherford International plc (NYSE:WFT) Logo

The stock of Weatherford International plc (NYSE:WFT) is a huge mover today! The stock increased 1.40% or $0.05 during the last trading session, reaching $3.63. About 7.29M shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since May 22, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.The move comes after 9 months positive chart setup for the $3.62 billion company. It was reported on May, 22 by Barchart.com. We have $3.81 PT which if reached, will make NYSE:WFT worth $180.90 million more.

Servicesource International Inc (NASDAQ:SREV) had a decrease of 16.26% in short interest. SREV’s SI was 947,900 shares in May as released by FINRA. Its down 16.26% from 1.13 million shares previously. With 299,400 avg volume, 3 days are for Servicesource International Inc (NASDAQ:SREV)’s short sellers to cover SREV’s short positions. The SI to Servicesource International Inc’s float is 1.92%. It closed at $4.25 lastly. It is down 1.08% since May 22, 2017 and is downtrending. It has underperformed by 12.63% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.16, from 0.95 in 2017Q3. It dropped, as 66 investors sold Weatherford International plc shares while 97 reduced holdings. 51 funds opened positions while 77 raised stakes. 1.08 billion shares or 2.62% less from 1.10 billion shares in 2017Q3 were reported. 2,608 were accumulated by Ls Ltd. Marshall Wace Llp reported 1.16 million shares. Capstone Invest Ltd Limited Liability Company holds 0.01% of its portfolio in Weatherford International plc (NYSE:WFT) for 69,093 shares. Wellington Management Gru Llp has invested 0% in Weatherford International plc (NYSE:WFT). Baldwin Brothers Ma has 5,000 shares. Hotchkis And Wiley Cap Llc holds 9.74 million shares or 0.15% of its portfolio. Walleye Trading Limited Liability Corporation, a Minnesota-based fund reported 481,139 shares. Moreover, Nj State Employees Deferred Compensation Plan has 0.01% invested in Weatherford International plc (NYSE:WFT). Raymond James & Associates holds 0.03% or 3.48 million shares. Us Bancshares De holds 0% of its portfolio in Weatherford International plc (NYSE:WFT) for 2,598 shares. Moreover, Covalent Prtnrs Limited Liability has 0.85% invested in Weatherford International plc (NYSE:WFT). Two Sigma Securities Limited Liability Corp reported 0.02% stake. Hanson & Doremus Management stated it has 350 shares or 0% of all its holdings. 129,692 were accumulated by Raymond James Fincl Svcs Advsr. Nokota Mngmt Ltd Partnership owns 4.36M shares.

More important recent Weatherford International plc (NYSE:WFT) news were published by: Bizjournals.com which released: “Weatherford CEO named to Houston chemical company’s board” on May 22, 2018, also Seekingalpha.com published article titled: “Oakmark Select Fund: Q1 2018”, Seekingalpha.com published: “Weatherford Kicks The Can Down The Road” on April 23, 2018. More interesting news about Weatherford International plc (NYSE:WFT) was released by: Seekingalpha.com and their article: “Weatherford’s Debt Remains Untenable” with publication date: April 29, 2018.

Analysts await Weatherford International plc (NYSE:WFT) to report earnings on July, 27. They expect $-0.17 earnings per share, up 39.29% or $0.11 from last year’s $-0.28 per share. After $-0.19 actual earnings per share reported by Weatherford International plc for the previous quarter, Wall Street now forecasts -10.53% EPS growth.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $3.62 billion. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. It currently has negative earnings. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs.

Among 35 analysts covering Weatherford International Ltd. (NYSE:WFT), 25 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Weatherford International Ltd. has $20 highest and $2.4600 lowest target. $6.34’s average target is 74.66% above currents $3.63 stock price. Weatherford International Ltd. had 120 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by TD Securities given on Friday, September 11. The firm earned “Neutral” rating on Wednesday, April 19 by Goldman Sachs. The stock of Weatherford International plc (NYSE:WFT) earned “In-Line” rating by Imperial Capital on Friday, June 24. RBC Capital Markets maintained Weatherford International plc (NYSE:WFT) rating on Friday, November 10. RBC Capital Markets has “Buy” rating and $6.0 target. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, August 3 report. The rating was upgraded by Citigroup on Friday, December 11 to “Buy”. On Thursday, December 3 the stock rating was downgraded by Stephens to “Equal-Weight”. The firm has “Buy” rating given on Wednesday, January 3 by UBS. The company was maintained on Friday, July 28 by Piper Jaffray. The company was maintained on Friday, June 23 by RBC Capital Markets.

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company has market cap of $386.62 million. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. It currently has negative earnings. The companyÂ’s solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clientsÂ’ end-users.

Among 4 analysts covering ServiceSource International (NASDAQ:SREV), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. ServiceSource International had 7 analyst reports since August 24, 2016 according to SRatingsIntel. On Tuesday, March 27 the stock rating was initiated by FBR Capital with “Buy”. The stock of ServiceSource International, Inc. (NASDAQ:SREV) has “Market Outperform” rating given on Wednesday, August 24 by JMP Securities. The stock of ServiceSource International, Inc. (NASDAQ:SREV) earned “Market Perform” rating by Northland Capital on Wednesday, February 22. The firm earned “Hold” rating on Thursday, October 5 by Northland Capital. The stock of ServiceSource International, Inc. (NASDAQ:SREV) earned “Hold” rating by Northland Capital on Friday, July 28. The firm earned “Hold” rating on Thursday, November 9 by Northland Capital.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.73, from 1.85 in 2017Q3. It dropped, as 7 investors sold ServiceSource International, Inc. shares while 26 reduced holdings. 10 funds opened positions while 27 raised stakes. 56.58 million shares or 4.80% less from 59.43 million shares in 2017Q3 were reported. Kennedy Mngmt reported 0.03% of its portfolio in ServiceSource International, Inc. (NASDAQ:SREV). Soros Fund Management Ltd owns 0.02% invested in ServiceSource International, Inc. (NASDAQ:SREV) for 225,015 shares. Commercial Bank Of Montreal Can reported 88,771 shares or 0% of all its holdings. Blair William & Il has invested 0% in ServiceSource International, Inc. (NASDAQ:SREV). Great West Life Assurance Can holds 0% of its portfolio in ServiceSource International, Inc. (NASDAQ:SREV) for 1,200 shares. Comml Bank Of America De owns 17,166 shares or 0% of their US portfolio. The California-based Harvest Cap Strategies Ltd has invested 3.67% in ServiceSource International, Inc. (NASDAQ:SREV). Moreover, Raymond James And Assoc has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV). Amalgamated Bankshares reported 10,194 shares. 69,040 are owned by Rhumbline Advisers. Dimensional Fund Lp holds 745,278 shares. Renaissance Technologies Llc invested in 0.01% or 2.28 million shares. Prescott Gru Management Lc reported 2.22% in ServiceSource International, Inc. (NASDAQ:SREV). Susquehanna Intll Group Llp accumulated 523,143 shares. Invesco Ltd reported 43,275 shares.

ServiceSource International, Inc. (NASDAQ:SREV) Institutional Positions Chart

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