Weatherford Target of Unusually Large Options Trading (WFT)
Shares of Weatherford (NYSE:WFT) saw unusually large options trading on Thursday. Stock investors acquired 15,088 call options on the stock, ARN reports. This represents an increase of approximately 241% compared to the average volume of 4,419 call options.
WFT has been the subject of a number of recent research reports. Analysts at Macquarie downgraded shares of Weatherford (NYSE:WFT) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. They now have a $14.53 price target on the stock, down previously from $14.78.
Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Weatherford presently has an average rating of “Hold” and a consensus price target of $15.76.
Shares of Weatherford (NYSE:WFT) traded down 4.89% on Thursday, hitting $14.97. 34,604,460 shares of the company’s stock traded hands. Weatherford has a 1-year low of $8.84 and a 1-year high of $15.80. The stock has a 50-day moving average of $14.68 and a 200-day moving average of $13.46. The company’s market cap is $11.493 billion.
Weatherford (NYSE:WFT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters 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. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Weatherford will post $0.83 EPS for the current fiscal year.
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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