Weatherford International Ltd. (NYSE:WFT) fell 3% during trading on Wednesday . The company traded as low as $5.73 and last traded at $5.77, with a volume of 9,517,911 shares. The stock had previously closed at $5.95.

A number of brokerages recently commented on WFT. Robert W. Baird reaffirmed a “hold” rating on shares of Weatherford International in a research note on Sunday, May 8th. Jefferies Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Weatherford International in a research note on Sunday, July 10th. Stephens cut Weatherford International from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 5th. KLR Group reaffirmed an “accumulate” rating and set a $7.25 price objective (down from $9.25) on shares of Weatherford International in a research note on Monday, May 9th. Finally, Capital One Financial Corp. cut Weatherford International from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Weatherford International presently has a consensus rating of “Buy” and a consensus target price of $9.65.

The stock has a 50 day moving average price of $5.92 and a 200 day moving average price of $6.47. The company’s market cap is $5.13 billion.

Weatherford International (NYSE:WFT) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted ($0.10) EPS. Weatherford International’s revenue for the quarter was down 41.3% on a year-over-year basis. On average, analysts forecast that Weatherford International Ltd. will post ($1.06) EPS for the current fiscal year.

In other news, CAO Douglas M. Mills sold 5,070 shares of the business’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 value of $28,645.50. Following the transaction, the chief accounting officer now owns 224,423 shares in the company, valued at approximately $1,267,989.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Francis S. Kalman bought 30,000 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 70,056 shares in the company, valued at $370,596.24. The disclosure for this purchase can be found here.

Other institutional investors have made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of Weatherford International by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,965,695 shares of the company’s stock worth $16,492,000 after buying an additional 14,500 shares during the last quarter. Rhumbline Advisers increased its position in shares of Weatherford International by 8.9% in the fourth quarter. Rhumbline Advisers now owns 503,966 shares of the company’s stock worth $4,228,000 after buying an additional 41,280 shares during the last quarter. Levin Capital Strategies L.P. increased its position in shares of Weatherford International by 35.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 208,675 shares of the company’s stock worth $1,751,000 after buying an additional 54,675 shares during the last quarter. Creative Planning increased its position 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 last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Weatherford International during the fourth quarter worth $1,499,000.

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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