Weatherford International Ltd. (NYSE:WFT) fell 3% during trading on Tuesday . The company traded as low as $5.50 and last traded at $5.51, with a volume of 6,704,685 shares traded. The stock had previously closed at $5.68.

A number of brokerages have recently commented on WFT. Vetr cut shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $9.20 price objective on the stock. in a research note on Monday, April 25th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Weatherford International in a research note on Thursday, April 21st. Clarkson Capital reaffirmed a “sell” rating on shares of Weatherford International in a research note on Friday, April 15th. BMO Capital Markets reiterated a “buy” rating on shares of Weatherford International in a research report on Wednesday, April 27th. Finally, Morgan Stanley increased their target price on Weatherford International from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.54.

The firm has a 50 day moving average of $5.67 and a 200-day moving average of $6.41. The firm’s market capitalization is $4.94 billion.

Weatherford International (NYSE:WFT) last posted its earnings results on Wednesday, July 27th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.02. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. The firm’s revenue was down 41.3% compared to the same quarter last year. On average, equities analysts forecast that Weatherford International Ltd. will post ($1.03) EPS for the current year.

Other hedge funds have bought and sold shares of the company. Marshall Wace LLP acquired a new stake in Weatherford International during the fourth quarter valued at approximately $1,499,000. Levin Capital Strategies L.P. boosted 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 valued at $1,751,000 after buying an additional 54,675 shares in the last quarter. Finally, BlackRock Advisors LLC boosted 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 valued at $21,297,000 after buying an additional 186,698 shares in 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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