Weatherford International Ltd. (NYSE:WFT) traded up 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 equities research analysts have recently weighed in on the stock. Robert W. Baird reiterated a “hold” rating on shares of Weatherford International in a research note on Sunday, May 8th. Jefferies Group reiterated a “buy” rating and set a $8.00 target price on shares of Weatherford International in a research note on Sunday, July 10th. Stephens downgraded shares of Weatherford International from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 5th. KLR Group reiterated an “accumulate” rating and set a $7.25 target price (down previously from $9.25) on shares of Weatherford International in a research note on Monday, May 9th. Finally, Citigroup Inc. reduced their price objective on shares of Weatherford International from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.54.

The firm’s market cap is $5.18 billion. The firm’s 50-day moving average is $5.63 and its 200-day moving average is $6.41.

Weatherford International (NYSE:WFT) last released 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. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 41.3% on a year-over-year basis. Equities research analysts forecast that Weatherford International Ltd. will post ($1.03) earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Weatherford International stock. Marshall Wace LLP purchased a new position in shares of Weatherford International Ltd. (NYSE:WFT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.