Weatherford PT Raised to $18.00 at Robert W. Baird (WFT)
Research analysts at Robert W. Baird boosted their price objective on shares of Weatherford (NYSE:WFT) from $16.00 to $18.00 in a report released on Thursday, StockRatingsNetwork reports. Robert W. Baird’s price objective would suggest 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 Citigroup Inc. raised their price target on shares of Weatherford from $18.00 to $21.00 in a research note on Thursday. Separately, 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. Finally, analysts at Barclays raised their price target on shares of Weatherford from $24.00 to $26.00 in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average 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. 6,095,575 shares of the company’s stock traded hands. 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 $14.33 and its 200-day moving average is $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 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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