Weatherford International (NYSE:WFT) has been given a $6.00 target price by Credit Suisse Group in a report released on Tuesday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Credit Suisse Group’s price target suggests a potential upside of 73.41% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the stock. Gabelli reiterated a “buy” rating on shares of Weatherford International in a research report on Tuesday. Royal Bank of Canada set a $5.00 price objective on shares of Weatherford International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Citigroup cut shares of Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price objective for the company. in a research report on Monday, November 6th. Sanford C. Bernstein upgraded shares of Weatherford International from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Finally, Societe Generale upgraded shares of Weatherford International from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $6.03.
Weatherford International (NYSE WFT) traded down $0.71 during midday trading on Tuesday, hitting $3.46. 74,630,000 shares of the company traded hands, compared to its average volume of 21,310,000. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09. The company has a market cap of $4,140.00, a price-to-earnings ratio of -2.42 and a beta of 2.32.
In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the sale, the vice president now directly owns 271,625 shares in the company, valued at approximately $1,018,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.16% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC acquired a new position in Weatherford International in the 3rd quarter valued at about $123,000. Private Advisor Group LLC raised its stake in Weatherford International by 63.2% in the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 15,178 shares during the last quarter. CIBC World Markets Inc. acquired a new position in Weatherford International in the 2nd quarter valued at about $161,000. Balentine LLC raised its stake in Weatherford International by 68.5% in the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after purchasing an additional 14,922 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Weatherford International by 244.5% in the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 28,070 shares during the last quarter.
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About Weatherford International
