Weatherford International Ltd. (NYSE:WFT)’s share price was down 5.5% during trading on Tuesday . The stock traded as low as $5.41 and last traded at $5.47, with a volume of 5,067,693 shares trading hands. The stock had previously closed at $5.79.

Several equities analysts have recently commented on WFT shares. Goldman Sachs Group Inc. raised Weatherford International from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.00 to $9.75 in a research report on Friday, March 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $10.00 target price on shares of Weatherford International in a research report on Sunday, March 13th. Iberia Capital reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Weatherford International in a research report on Thursday, April 7th. Nomura Holdings Inc. started coverage on Weatherford International in a research report on Friday, April 8th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Weatherford International in a research report on Friday, April 15th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $10.16.

The company has a 50 day moving average price of $5.86 and a 200-day moving average price of $6.72. The company’s market cap is $5.00 billion.

Weatherford International (NYSE:WFT) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.03. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.66 billion. Weatherford International’s quarterly revenue was down 43.3% compared to the same quarter last year. Equities analysts expect that Weatherford International Ltd. will post ($1.05) earnings per share for the current fiscal year.

In other Weatherford International news, CAO Douglas M. Mills sold 5,070 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $5.65, for a total value of $28,645.50. Following the sale, the chief accounting officer now owns 224,423 shares in the company, valued at $1,267,989.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Francis S. Kalman acquired 30,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $5.29 per share, for a total transaction of $158,700.00. Following the acquisition, the director now owns 70,056 shares of the company’s stock, valued at approximately $370,596.24. The disclosure for this purchase can be found here.

A number of large investors have made changes to their positions in the company. Creative Planning boosted its stake in shares of Weatherford International by 144.0% in the fourth quarter. Creative Planning now owns 224,982 shares of the company’s stock worth $1,888,000 after buying an additional 132,777 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Weatherford International by 57.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 589,302 shares of the company’s stock worth $4,944,000 after buying an additional 215,194 shares during the period. California State Teachers Retirement System boosted its stake in shares of Weatherford International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,481,461 shares of the company’s stock worth $12,429,000 after buying an additional 23,410 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Weatherford International by 1.3% in the fourth quarter. Eagle Asset Management Inc. now owns 153,756 shares of the company’s stock worth $1,290,000 after buying an additional 1,954 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Weatherford International by 1.5% in the fourth quarter. Swiss National Bank now owns 1,402,646 shares of the company’s stock worth $11,768,000 after buying an additional 20,200 shares during the period.

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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