Weatherford Hits New 52-Week High at $16.23 (WFT)
Shares of Weatherford (NYSE:WFT) hit a new 52-week high on Thursday, Stock Ratings Network.com reports. The company traded as high as $16.23 and last traded at $16.13, with a volume of 4,757,521 shares trading hands. The stock had previously closed at $16.10.
A number of research firms have recently commented on WFT. Analysts at BMO Capital Markets upgraded shares of Weatherford from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $17.00 price target on the stock, up previously from $13.00. Separately, 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. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.47.
Weatherford has a 1-year low of $8.84 and a 1-year high of $16.16. The stock has a 50-day moving average of $15.47 and a 200-day moving average of $14.12. The company’s market cap is $12.414 billion.
Weatherford (NYSE:WFT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the 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. 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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