Weatherford International Ltd. (NYSE:WFT) rose 2.9% on Monday . The company traded as high as $5.65 and last traded at $5.62, with a volume of 5,290,407 shares trading hands. The stock had previously closed at $5.46.

WFT has been the subject of a number of recent analyst reports. Stephens cut shares of Weatherford International from an “equal weight” rating to an “underweight” rating in a research report on Thursday, May 5th. Capital One Financial Corp. cut shares of Weatherford International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 5th. Wells Fargo & Co. cut shares of Weatherford International from an “outperform” rating to a “market perform” rating in a research report on Friday, May 6th. Seaport Global Securities upgraded shares of Weatherford International from a “neutral” rating to a “buy” rating and dropped their price target for the company from $7.50 to $7.00 in a research report on Friday, May 6th. Finally, Howard Weil dropped their price target on shares of Weatherford International from $9.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.09.

The firm has a 50-day moving average price of $5.68 and a 200-day moving average price of $6.36. The company’s market cap is $5.06 billion.

Weatherford International (NYSE:WFT) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.02. During the same period in the previous year, the business posted ($0.10) EPS. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. The firm’s quarterly revenue was down 41.3% compared to the same quarter last year. Equities analysts predict that Weatherford International Ltd. will post ($1.02) earnings per share for the current year.

An institutional investor recently raised its position in Weatherford International stock. BlackRock Advisors LLC increased its position in Weatherford International Ltd. (NYSE:WFT) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,538,417 shares of the company’s stock after buying an additional 186,698 shares during the period. BlackRock Advisors LLC owned 0.33% of Weatherford International worth $21,297,000 at the end of the most recent reporting 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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