Barclays Increases Weatherford Price Target to $26.00 (WFT)
Equities researchers at Barclays increased their price target on shares of Weatherford (NYSE:WFT) from $24.00 to $26.00 in a research report issued on Thursday, AnalystRatingsNetwork.com reports. Barclays’ price target would indicate a potential upside of 61.89% from the company’s current price.
Weatherford (NYSE:WFT) traded up 1.00% during mid-day trading on Thursday, hitting $16.22. The stock had a trading volume of 6,109,468 shares. Weatherford has a one year low of $11.11 and a one year high of $17.38. The stock’s 50-day moving average is $14.33 and its 200-day moving average is $15.27. The company’s market cap is $12.480 billion.
Weatherford (NYSE:WFT) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts predict that Weatherford will post $1.07 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WFT. Analysts at UBS AG upgraded shares of Weatherford from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $19.00 price target on the stock, up previously from $15.00. Separately, analysts at Deutsche Bank cut their price target on shares of Weatherford from $28.00 to $26.00 in a research note on Wednesday. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Weatherford in a research note on Wednesday. They now have a $18.00 price target on the stock, up previously from $17.00. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Weatherford presently has an average rating of “Hold” and an average target price of $18.45.
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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