Weatherford Price Target Raised to $19.00 at Socgen (WFT)
Analysts at Socgen upped their price target on shares of Weatherford (NYSE:WFT) from $18.00 to $19.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Socgen’s price target points to a potential upside of 18.31% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Weatherford from $24.00 to $26.00 in a research note on Thursday. Separately, 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. Finally, analysts at Deutsche Bank cut their price target on shares of Weatherford from $28.00 to $26.00 in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Weatherford currently has a consensus rating of “Hold” and an average target price of $18.45.
Shares of Weatherford (NYSE:WFT) traded up 1.00% during mid-day trading on Thursday, hitting $16.22. 6,101,069 shares of the company’s stock traded hands. 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 $12.480 billion.
Weatherford (NYSE:WFT) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters 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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