Weatherford Stock Rating Upgraded by BMO Capital Markets (WFT)
Weatherford (NYSE:WFT) was upgraded by stock analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Tudor Pickering downgraded shares of Weatherford from an “accumulate” rating to a “hold” rating in a research note to investors on Friday, October 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Weatherford in a research note to investors on Monday, September 23rd. They now have a $16.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Weatherford from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 18th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.44.
Shares of Weatherford (NYSE:WFT) traded up 1.01% on Wednesday, hitting $16.00. 480,404 shares of the company’s stock traded hands. Weatherford has a 1-year low of $8.84 and a 1-year high of $16.10. The stock’s 50-day moving average is $15.4 and its 200-day moving average is $14.11. The company’s market cap is $12.283 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. On average, analysts predict that Weatherford will post $0.82 earnings per share 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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