Guggenheim Reiterates Neutral Rating for Weatherford (WFT)
Weatherford (NYSE:WFT)‘s stock had its “neutral” rating reiterated by equities researchers at Guggenheim in a research report issued on Tuesday, AnalystRatings.Net reports. They currently have a $14.00 target price on the stock, down from their previous target price of $17.00. Guggenheim’s price target points to a potential downside of 0.43% from the company’s current price.
Weatherford (NYSE:WFT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.10 billion. The company’s revenue for the quarter was up .0% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Socgen upgraded shares of Weatherford to a “buy” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Societe Generale upgraded shares of Weatherford from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Morgan Stanley downgraded shares of Weatherford from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 14th. They now have a $17.00 price target on the stock, down previously from $18.50. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.26.
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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