Weatherford’s Hold Rating Reaffirmed at Jefferies Group (WFT)
Weatherford (NYSE:WFT)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday, Analyst RN reports. They currently have a $13.00 target price on the stock. Jefferies Group’s price target points to a potential downside of 2.91% from the company’s current price.
Shares of Weatherford (NYSE:WFT) traded down 0.45% during mid-day trading on Friday, hitting $13.33. The stock had a trading volume of 1,993,483 shares. Weatherford has a 1-year low of $11.11 and a 1-year 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. Traders purchased 14,909 put options on the stock. 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 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Weatherford will post $0.79 earnings per share for the current fiscal year.
WFT has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Weatherford in a research note to investors on Friday. They now have a $24.00 price target on the stock, down previously from $26.00. Separately, 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. Finally, analysts at Socgen upgraded shares of Weatherford to a “buy” rating in a research note to investors on Thursday, January 16th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.03.
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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