Weatherford International Ltd. (NYSE:WFT) shares rose 4.4% on Monday . The stock traded as high as $5.77 and last traded at $5.75, with a volume of 5,181,968 shares. The stock had previously closed at $5.51.

Several brokerages have recently commented on WFT. Vetr downgraded shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $6.95 target price for the company. in a report on Monday, June 27th. Wells Fargo & Co. restated an “outperform” rating on shares of Weatherford International in a research report on Thursday, April 21st. Jefferies Group reiterated a “buy” rating and set a $7.00 target price (down previously from $8.00) on shares of Weatherford International in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. reiterated a “buy” rating and set a $9.00 target price on shares of Weatherford International in a research report on Friday, July 29th. Finally, Citigroup Inc. increased their target price on shares of Weatherford International from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. Three 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 assigned a strong buy rating to the company’s stock. Weatherford International presently has an average rating of “Buy” and an average target price of $9.54.

The stock’s market capitalization is $5.25 billion. The stock has a 50-day moving average of $5.64 and a 200 day moving average of $6.41.

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

An institutional investor recently bought a new position in Weatherford International stock. Marshall Wace LLP acquired a new stake in shares of Weatherford International Ltd. (NYSE:WFT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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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