Weatherford International (NYSE:WFT) received a $5.00 target price from Royal Bank of Canada in a research note issued on Thursday. The firm presently has a “buy” rating on the oil and gas company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 28.87% from the stock’s current price.
Other equities analysts have also issued reports about the company. Jefferies Group set a $5.00 price target on Weatherford International and gave the company a “hold” rating in a research note on Thursday, October 5th. Citigroup increased their price target on Weatherford International from $5.30 to $5.60 and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen set a $8.00 price target on Weatherford International and gave the company a “buy” rating in a research note on Friday, October 6th. Deutsche Bank began coverage on Weatherford International in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 price target for the company. Finally, ValuEngine lowered Weatherford International from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $6.03.
Weatherford International (NYSE:WFT) traded up $0.13 during trading hours on Thursday, hitting $3.88. The company had a trading volume of 20,737,700 shares, compared to its average volume of 21,778,088. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International has a 12-month low of $3.08 and a 12-month high of $7.09.
In other news, VP Douglas M. Mills sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total value of $28,125.00. Following the completion of the sale, the vice president now directly owns 271,625 shares of the company’s stock, valued at approximately $1,018,593.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of WFT. Baldwin Brothers Inc. MA purchased a new position in Weatherford International during the 1st quarter worth $100,000. BKD Wealth Advisors LLC purchased a new position in Weatherford International during the 3rd quarter worth $102,000. CIBC Asset Management Inc increased its holdings in Weatherford International by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 19,189 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 647 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Weatherford International by 29.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,011 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 4,295 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in Weatherford International by 13.5% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 1,899 shares during the period.
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Weatherford International Company Profile
