Weatherford Stock Rating Reaffirmed by Barclays (WFT)
Weatherford (NYSE:WFT)‘s stock had its “overweight” rating restated by Barclays in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a $24.00 price objective on the stock, down from their previous price objective of $26.00. Barclays’ target price would indicate a potential upside of 79.24% from the stock’s previous close.
A number of other firms have also recently commented on WFT. Analysts at Guggenheim reiterated a “neutral” rating on shares of Weatherford in a research note to investors on Tuesday. They now have a $14.00 price target on the stock, down previously from $17.00. Separately, analysts at Socgen upgraded shares of Weatherford to a “buy” rating in a research note to investors on Thursday, January 16th. Finally, 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. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Weatherford currently has a consensus rating of “Hold” and a consensus target price of $17.03.
Weatherford (NYSE:WFT) traded down 0.45% during mid-day trading on Friday, hitting $13.33. 1,995,593 shares of the company’s stock traded hands. Weatherford has a 52-week low of $11.11 and a 52-week high of $17.38. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $15.23. The company’s market cap is $10.256 billion. Weatherford also was the target of some unusual options trading on Thursday. Stock investors acquired 14,909 put options on the company. This represents an increase of approximately 405% compared to the average volume of 2,950 put options.
Weatherford (NYSE:WFT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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. Weatherford’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Weatherford will post $0.79 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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