Weatherford (WFT) to Release Earnings on Monday
Weatherford (NYSE:WFT) will release its Q313 earnings data on Monday, November 4th. Analysts expect Weatherford to post earnings of $0.22 per share and revenue of $4.10 billion for the quarter.
Weatherford (NYSE:WFT) traded down 0.58% during mid-day trading on Friday, hitting $16.345. The stock had a trading volume of 8,334,023 shares. Weatherford has a one year low of $8.84 and a one year high of $15.18. The stock’s 50-day moving average is $15.77 and its 200-day moving average is $14.41. The company’s market cap is $12.548 billion.
WFT has been the subject of a number of recent research reports. 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, October 16th. They now have a $17.00 price target on the stock, up previously from $13.00. On a related note, 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Weatherford presently has an average rating of “Hold” and a consensus price target of $16.47.
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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