Weatherford Given New $17.00 Price Target at Susquehanna (WFT)
Equities researchers at Susquehanna increased their target price on shares of Weatherford (NYSE:WFT) from $14.00 to $17.00 in a research report issued on Thursday, StockRatingsNetwork.com reports. Susquehanna’s price objective indicates a potential upside of 5.85% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Weatherford from $16.00 to $18.00 in a research note on Thursday. Separately, analysts at Robert W. Baird raised their price target on shares of Weatherford from $16.00 to $18.00 in a research note on Thursday. Finally, analysts at Citigroup Inc. raised their price target on shares of Weatherford from $18.00 to $21.00 in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.45.
Shares of Weatherford (NYSE:WFT) traded up 1.06% during mid-day trading on Thursday, hitting $16.23. The stock had a trading volume of 6,095,275 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 $12.487 billion.
Weatherford (NYSE:WFT) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ 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.
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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