Weatherford Price Target Raised to $18.00 at RBC Capital (WFT)
Analysts at RBC Capital upped their price target on shares of Weatherford (NYSE:WFT) from $16.00 to $18.00 in a research report issued to clients and investors on Thursday, AR Network reports. RBC Capital’s price objective indicates a potential upside of 12.08% from the stock’s previous close.
WFT has been the subject of a number of other recent research reports. 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. Separately, analysts at Citigroup Inc. raised their price target on shares of Weatherford from $18.00 to $21.00 in a research note on Thursday. Finally, analysts at Socgen raised their price target on shares of Weatherford from $18.00 to $19.00 in a research note on Thursday. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.45.
Shares of Weatherford (NYSE:WFT) traded up 1.09% on Thursday, hitting $16.235. The stock had a trading volume of 6,095,575 shares. Weatherford has a one year low of $11.11 and a one year high of $17.38. The stock has a 50-day moving average of $14.33 and a 200-day moving average of $15.27. The company’s market cap is $12.491 billion.
Weatherford (NYSE:WFT) last announced its 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.
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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