Weatherford International Ltd. (NYSE:WFT) fell 2.7% on Wednesday . The company traded as low as $5.65 and last traded at $5.70, with a volume of 7,896,877 shares trading hands. The stock had previously closed at $5.86.

A number of research firms have weighed in on WFT. Nomura set a $10.00 price target on Weatherford International and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group restated a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Weatherford International in a research report on Tuesday, August 2nd. Citigroup Inc. lowered their price target on Weatherford International from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. JPMorgan Chase & Co. restated a “buy” rating and set a $9.00 price target on shares of Weatherford International in a research report on Friday, July 29th. Finally, Vetr downgraded Weatherford International from a “strong-buy” rating to a “buy” rating and set a $6.95 price target on the stock. in a research report on Monday, June 27th. Three investment 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $9.54.

The firm’s 50 day moving average price is $5.66 and its 200 day moving average price is $6.40. The company’s market capitalization is $5.13 billion.

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

An institutional investor recently bought a new position in Weatherford International stock. Marshall Wace LLP acquired a new position in shares of Weatherford International Ltd. (NYSE:WFT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 178,715 shares of the company’s stock, valued at approximately $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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