Weatherford (WFT) to Release Quarterly Earnings on Wednesday
Weatherford (NYSE:WFT) is scheduled to post its Q413 quarterly earnings results on Wednesday, February 26th. Analysts expect Weatherford to post earnings of $0.07 per share and revenue of $3.83 billion for the quarter.
Weatherford (NYSE:WFT) opened at 15.60 on Tuesday. Weatherford has a 52 week low of $11.11 and a 52 week high of $17.38. The stock’s 50-day moving average is $14.31 and its 200-day moving average is $15.26. The company’s market cap is $12.003 billion.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Weatherford from a “hold” rating to a “buy” rating in a research note on Monday. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of Weatherford in a research note on Friday, January 31st. They now have a $13.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Weatherford in a research note on Friday, January 31st. They now have a $24.00 price target on the stock, down previously from $26.00. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.16.
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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