Weatherford International (NYSE:WFT) had its price target cut by equities researchers at Loop Capital to $7.00 in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Loop Capital’s price target would suggest a potential upside of 72.84% from the stock’s previous close.
WFT has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Weatherford International from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group downgraded shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 price objective for the company. in a report on Thursday, January 4th. UBS Group set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a report on Wednesday, January 3rd. Credit Suisse Group set a $6.00 price objective on shares of Weatherford International and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Gabelli restated a “buy” rating on shares of Weatherford International in a report on Tuesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Weatherford International has an average rating of “Buy” and a consensus price target of $5.90.
Weatherford International (NYSE WFT) opened at $4.05 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. The stock has a market cap of $4,020.00, a P/E ratio of -2.83 and a beta of 2.32. Weatherford International has a 1-year low of $3.08 and a 1-year high of $7.09.
In related news, VP Douglas M. Mills sold 7,500 shares of Weatherford International stock in a transaction dated 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 owns 271,625 shares of the company’s stock, valued at approximately $1,018,593.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.16% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Weatherford International by 8.9% during the second quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 4,497 shares in the last quarter. KLCM Advisors Inc. grew its holdings in shares of Weatherford International by 0.9% during the second quarter. KLCM Advisors Inc. now owns 539,333 shares of the oil and gas company’s stock worth $2,087,000 after purchasing an additional 4,776 shares in the last quarter. Bluestein R H & Co. grew its holdings in shares of Weatherford International by 11.3% during the second quarter. Bluestein R H & Co. now owns 50,100 shares of the oil and gas company’s stock worth $194,000 after purchasing an additional 5,100 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Weatherford International by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 332,703 shares of the oil and gas company’s stock worth $1,288,000 after purchasing an additional 9,941 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Weatherford International by 0.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,800,273 shares of the oil and gas company’s stock worth $14,708,000 after purchasing an additional 10,661 shares in the last quarter.
Weatherford International Company Profile
