Weatherford International Ltd. (NYSE:WFT)’s share price was up 2.9% on Monday . The stock 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.

Several equities analysts have recently weighed in on WFT shares. Stephens lowered Weatherford International from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 5th. Capital One Financial Corp. lowered Weatherford International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 5th. Wells Fargo & Co. lowered Weatherford International from an “outperform” rating to a “market perform” rating in a research report on Friday, May 6th. Seaport Global Securities raised Weatherford International from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $7.50 to $7.00 in a research report on Friday, May 6th. Finally, Howard Weil reduced their price target on Weatherford International from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, May 6th. Three equities 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $9.09.

The stock’s market capitalization is $4.87 billion. The firm’s 50 day moving average is $5.69 and its 200 day moving average is $6.35.

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 consensus estimate of ($0.30) by $0.02. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. The company’s revenue was down 41.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS. Equities research analysts forecast that Weatherford International Ltd. will post ($1.02) EPS for the current year.

A hedge fund recently raised its stake in Weatherford International stock. BlackRock Advisors LLC boosted its stake in shares of Weatherford International Ltd. (NYSE:WFT) by 7.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,538,417 shares of the company’s stock after buying an additional 186,698 shares during the period. BlackRock Advisors LLC owned approximately 0.33% of Weatherford International worth $21,297,000 at the end of the most recent quarter.

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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