Shares of Weatherford International Ltd. (NYSE:WFT) fell 2.7% on Tuesday . The company traded as low as $5.50 and last traded at $5.50, with a volume of 5,032,938 shares traded. The stock had previously closed at $5.65.

A number of brokerages have recently weighed in on WFT. Jefferies Group reaffirmed a “buy” rating and set a $8.00 price target on shares of Weatherford International in a report on Sunday, July 10th. Seaport Global Securities raised shares of Weatherford International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $7.50 to $7.00 in a report on Friday, May 6th. Simmons reaffirmed a “hold” rating and set a $7.20 price target (up previously from $7.18) on shares of Weatherford International in a report on Thursday, May 12th. Vetr downgraded shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $7.46 price target for the company. in a report on Tuesday, June 7th. Finally, Howard Weil cut 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 report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.09.

The firm’s 50-day moving average price is $5.69 and its 200-day moving average price is $6.35. The stock’s market cap is $4.93 billion.

Weatherford International (NYSE:WFT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.28) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. The company’s quarterly revenue was down 41.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that Weatherford International Ltd. will post ($1.02) EPS for the current fiscal year.

A hedge fund recently raised its stake in Weatherford International stock. BlackRock Advisors LLC increased its position in shares of Weatherford International Ltd. (NYSE:WFT) by 7.9% during the fourth quarter, according to its most recent 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 about 0.33% of Weatherford International worth $21,297,000 as of its most recent filing with the SEC.

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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