Weatherford International Ltd. (NYSE:WFT)’s share price was down 3% during trading on Tuesday . The stock traded as low as $5.50 and last traded at $5.51, with a volume of 6,704,685 shares changing hands. The stock had previously closed at $5.68.

Several equities analysts have commented on WFT shares. KLR Group reissued an “accumulate” rating and issued a $7.25 target price (down from $9.25) on shares of Weatherford International in a report on Monday, May 9th. Seaport Global Securities raised shares of Weatherford International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $7.50 to $7.00 in a report on Friday, May 6th. BMO Capital Markets reissued a “buy” rating on shares of Weatherford International in a report on Wednesday, April 27th. Vetr lowered shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $9.20 target price on the stock. in a report on Monday, April 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $9.00 target price (down from $10.00) on shares of Weatherford International in a report on Monday, May 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.54.

The firm’s market capitalization is $4.97 billion. The company’s 50 day moving average price is $5.69 and its 200 day moving average price is $6.42.

Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.02. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. The firm’s revenue was down 41.3% on a year-over-year basis. Equities research analysts forecast that Weatherford International Ltd. will post ($1.03) earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of WFT. Marshall Wace LLP acquired a new position in shares of Weatherford International during the fourth quarter worth approximately $1,499,000. Levin Capital Strategies L.P. raised its stake in 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 period. BlackRock Advisors LLC raised its stake in Weatherford International by 7.9% in the fourth quarter. BlackRock Advisors LLC now owns 2,538,417 shares of the company’s stock worth $21,297,000 after buying an additional 186,698 shares during the period. Finally, Vanguard Group Inc. raised its stake in 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.

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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