Weatherford International Ltd. (NYSE:WFT) was up 12.8% during trading on Tuesday . The company traded as high as $6.11 and last traded at $6.06, with a volume of 17,871,958 shares changing hands. The stock had previously closed at $5.37.

A number of equities research analysts have commented on WFT shares. Stephens downgraded Weatherford International from an “equal weight” rating to an “underweight” rating in a report on Thursday, May 5th. Clarkson Capital reissued a “sell” rating on shares of Weatherford International in a report on Friday, April 15th. Deutsche Bank AG reissued a “buy” rating and issued a $8.00 target price on shares of Weatherford International in a report on Tuesday, May 31st. Barclays PLC raised Weatherford International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $7.00 to $8.00 in a report on Monday, June 6th. Finally, Simmons raised Weatherford International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.20 to $8.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Weatherford International has a consensus rating of “Buy” and a consensus target price of $9.83.

The company’s market cap is $5.29 billion. The company has a 50-day moving average of $5.89 and a 200-day moving average of $6.64.

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

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

Several institutional investors have made changes to their positions in WFT. Vanguard Group Inc. raised its position in shares of Weatherford International by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 55,536,544 shares of the company’s stock worth $465,952,000 after buying an additional 6,339,202 shares during the period. Oceanic Investment Management LTD acquired a new position in shares of Weatherford International during the fourth quarter worth about $8,753,000. Teacher Retirement System of Texas raised its position in shares of Weatherford International by 2,462.6% in the fourth quarter. Teacher Retirement System of Texas now owns 1,061,704 shares of the company’s stock worth $8,908,000 after buying an additional 1,020,274 shares during the period. Wells Fargo & Company MN raised its position in shares of Weatherford International by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,402,064 shares of the company’s stock worth $112,443,000 after buying an additional 501,932 shares during the period. Finally, Sei Investments Co. raised its position in shares of Weatherford International by 38,313.3% in the fourth quarter. Sei Investments Co. now owns 283,490 shares of the company’s stock worth $2,378,000 after buying an additional 282,752 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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