Weatherford International Hits New 1-Year High at $23.06 (WFT)
Weatherford International (NYSE:WFT)’s share price hit a new 52-week high during trading on Friday , Analyst Ratings Net reports. The company traded as high as $23.06 and last traded at $22.89, with a volume of 3,592,793 shares. The stock had previously closed at $22.72.
Several analysts have recently commented on the stock. Analysts at Drexel Hamilton initiated coverage on shares of Weatherford International in a research note on Friday. They set a “hold” rating and a $23.00 price target on the stock. Separately, analysts at Societe Generale downgraded shares of Weatherford International from a “buy” rating to a “hold” rating in a research note on Thursday, June 12th. Finally, analysts at Susquehanna raised their price target on shares of Weatherford International from $17.00 to $21.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Weatherford International presently has an average rating of “Hold” and an average price target of $21.97.
The stock has a 50-day moving average of $21.56 and a 200-day moving average of $17.3. The company’s market cap is $17.809 billion.
Weatherford International (NYSE:WFT) last released its earnings data on Thursday, April 24th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that Weatherford International will post $1.08 EPS 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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