Weatherford Rating Lowered to Neutral at Macquarie (WFT)
Weatherford (NYSE:WFT) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Weatherford (NYSE:WFT) opened at 15.74 on Thursday. Weatherford has a one year low of $8.84 and a one year high of $15.80. The stock’s 50-day moving average is $14.68 and its 200-day moving average is $13.46. The company’s market cap is $12.084 billion.
Weatherford (NYSE:WFT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.88 billion. Weatherford’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Weatherford will post $0.83 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Weatherford (NYSE:WFT) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Wells Fargo & Co. downgraded shares of Weatherford (NYSE:WFT) from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Finally, analysts at Iberia Capital initiated coverage on shares of Weatherford (NYSE:WFT) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating on the stock.
Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.83.
Weatherford International Ltd. (NYSE:WFT) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.
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