Shares of Weatherford International Ltd. (NYSE:WFT) traded up 2.6% during trading on Wednesday . The stock traded as high as $5.66 and last traded at $5.56, with a volume of 7,003,258 shares trading hands. The stock had previously closed at $5.42.

Several analysts have commented on the company. Jefferies Group restated a “buy” rating and issued a $8.00 price target on shares of Weatherford International in a report on Sunday, July 10th. Vetr cut Weatherford International from a “strong-buy” rating to a “buy” rating and set a $7.46 price target for the company. in a report on Tuesday, June 7th. Zacks Investment Research upgraded Weatherford International from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Credit Suisse Group AG reiterated a “buy” rating on shares of Weatherford International in a report on Thursday, June 2nd. Finally, Barclays PLC upgraded Weatherford International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $7.00 to $8.00 in a report on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $8.95.

The firm’s market capitalization is $5.09 billion. The stock has a 50-day moving average of $5.68 and a 200-day moving average of $6.28.

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Weatherford International (NYSE:WFT) last released its earnings results on Wednesday, July 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.02. The firm had revenue of $1.40 billion for 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 company’s revenue was down 41.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Equities analysts expect that Weatherford International Ltd. will post $2.45 EPS for the current year.

Several hedge funds have recently made changes to their positions in WFT. Calvert Investment Management Inc. raised its stake in shares of Weatherford International by 2.8% in the second quarter. Calvert Investment Management Inc. now owns 261,739 shares of the company’s stock valued at $1,453,000 after buying an additional 7,178 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Weatherford International by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,590,904 shares of the company’s stock valued at $14,380,000 after buying an additional 209,186 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Weatherford International by 16.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 292,345 shares of the company’s stock valued at $1,623,000 after buying an additional 41,088 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Weatherford International by 27.0% in the second quarter. Wedge Capital Management L L P NC now owns 14,783,032 shares of the company’s stock valued at $82,046,000 after buying an additional 3,142,666 shares during the last quarter. Finally, Pine River Capital Management L.P. raised its stake in shares of Weatherford International by 10.1% in the second quarter. Pine River Capital Management L.P. now owns 1,700,000 shares of the company’s stock valued at $9,435,000 after buying an additional 155,496 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

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.

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