Investors bought shares of Weatherford International Ltd. (NYSE:WFT) on weakness during trading hours on Tuesday. $33.79 million flowed into the stock on the tick-up and $10.68 million flowed out of the stock on the tick-down, for a money net flow of $23.11 million into the stock. Of all equities tracked, Weatherford International had the 22nd highest net in-flow for the day. Weatherford International traded down ($0.16) for the day and closed at $5.42

A number of research firms have recently weighed in on WFT. Jefferies Group reaffirmed a “buy” rating and set a $8.00 price target on shares of Weatherford International in a research note on Sunday, July 10th. Vetr cut shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $7.46 price objective on the stock. in a research note on Tuesday, June 7th. Zacks Investment Research raised shares of Weatherford International from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Credit Suisse Group AG reissued a “buy” rating on shares of Weatherford International in a research note on Thursday, June 2nd. Finally, Barclays PLC raised shares of Weatherford International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $7.00 to $8.00 in a research note on Monday, June 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Weatherford International has an average rating of “Buy” and an average price target of $8.95.

The company’s market capitalization is $4.86 billion. The firm has a 50 day moving average price of $5.68 and a 200-day moving average price of $6.28.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/investors-buy-shares-of-weatherford-international-ltd-wft-on-weakness.html

Weatherford International (NYSE:WFT) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Weatherford International had a negative return on equity of 13.41% and a negative net margin of 33.73%. The firm’s revenue was down 41.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. On average, analysts expect that Weatherford International Ltd. will post $2.45 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in shares of Weatherford International by 3.5% in the second quarter. CIBC Asset Management Inc now owns 19,189 shares of the company’s stock valued at $106,000 after buying an additional 647 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Weatherford International by 1.9% in the second quarter. First Allied Advisory Services Inc. now owns 49,221 shares of the company’s stock valued at $274,000 after buying an additional 909 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Weatherford International by 3.4% in the second quarter. Commonwealth Equity Services Inc now owns 31,354 shares of the company’s stock valued at $174,000 after buying an additional 1,029 shares in the last quarter. GAM Holding AG raised its stake in shares of Weatherford International by 5.4% in the second quarter. GAM Holding AG now owns 41,746 shares of the company’s stock valued at $232,000 after buying an additional 2,146 shares in the last quarter. Finally, Wrapmanager Inc. raised its stake in shares of Weatherford International by 4.3% in the second quarter. Wrapmanager Inc. now owns 80,292 shares of the company’s stock valued at $446,000 after buying an additional 3,304 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

5 Day Chart for NYSE:WFT

Receive News & Ratings for Weatherford International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.