Weatherford International Ltd. (NYSE:WFT) shares were up 3.5% on Monday . The company traded as high as $5.72 and last traded at $5.58, with a volume of 8,824,442 shares changing hands. The stock had previously closed at $5.39.

A number of research analysts have recently weighed in on WFT shares. Royal Bank Of Canada restated an “outperform” rating and issued a $9.00 target price on shares of Weatherford International in a report on Friday, April 15th. Morgan Stanley lifted their price target on Weatherford International from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Clarkson Capital reiterated a “sell” rating on shares of Weatherford International in a report on Friday, April 15th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Weatherford International in a report on Thursday, April 21st. Finally, Vetr lowered Weatherford International from a “strong-buy” rating to a “buy” rating and set a $9.20 price target on the stock. in a report on Monday, April 25th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.54.

The firm’s market capitalization is $4.94 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) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.02. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted ($0.10) EPS. The company’s quarterly revenue was down 41.3% on a year-over-year basis. On average, equities research analysts forecast that Weatherford International Ltd. will post ($1.03) earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently modified their holdings of the company. Levin Capital Strategies L.P. raised 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. Marshall Wace LLP purchased a new position in shares of Weatherford International during the fourth quarter worth $1,499,000. BlackRock Advisors LLC raised its position in shares of 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 last quarter. Finally, 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 last quarter.

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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