Weatherford International PT Raised to $24.00 (WFT)
Equities researchers at Susquehanna hoisted their price objective on shares of Weatherford International (NYSE:WFT) from $21.00 to $24.00 in a research report issued on Wednesday. Susquehanna’s target price indicates a potential upside of 5.31% from the stock’s previous close.
Shares of Weatherford International (NYSE:WFT) opened at 22.79 on Wednesday. Weatherford International has a 52-week low of $13.07 and a 52-week high of $23.25. The stock has a 50-day moving average of $21.9 and a 200-day moving average of $17.79. The company’s market cap is $17.608 billion. Weatherford International also was the target of some unusual options trading on Monday. Stock traders bought 11,717 call options on the company. This is an increase of 273% compared to the average daily volume of 3,145 call options.
Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter 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.
Several other analysts have also recently commented on the stock. Analysts at Drexel Hamilton initiated coverage on shares of Weatherford International in a research note on Friday, June 20th. 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 Jefferies Group raised their price target on shares of Weatherford International from $17.00 to $19.00 in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.17.
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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