Weatherford International (NYSE:WFT) had its price target cut by stock analysts at Credit Suisse Group from $5.50 to $4.50 in a report released on Tuesday. The firm presently has an “outperform” rating on the oil and gas company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 53.58% from the stock’s previous close.

A number of other equities research analysts have also issued reports on WFT. Deutsche Bank started coverage on shares of Weatherford International in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 target price for the company. BMO Capital Markets reissued a “buy” rating and set a $5.50 target price on shares of Weatherford International in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Seaport Global Securities raised shares of Weatherford International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.00 to $5.00 in a research note on Wednesday, November 1st. Finally, Morgan Stanley decreased their target price on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.59.

Weatherford International (NYSE WFT) opened at $2.93 on Tuesday. Weatherford International has a 52-week low of $2.91 and a 52-week high of $7.09. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. The firm has a market cap of $3,100.00, a P/E ratio of -1.77 and a beta of 2.07.

Weatherford International (NYSE:WFT) last issued its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 75.02%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned ($0.32) EPS. equities analysts anticipate that Weatherford International will post -0.5 earnings per share for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 17,931 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total transaction of $77,820.54. Following the completion of the transaction, the vice president now owns 238,471 shares of the company’s stock, valued at approximately $1,034,964.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Douglas M. Mills sold 15,223 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.07, for a total transaction of $61,957.61. Following the transaction, the vice president now directly owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,726 shares of company stock valued at $193,648. Company insiders own 1.16% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WFT. Wedge Capital Management L L P NC lifted its position in Weatherford International by 13.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 31,579,597 shares of the oil and gas company’s stock worth $131,687,000 after acquiring an additional 3,744,073 shares during the last quarter. Van ECK Associates Corp lifted its position in Weatherford International by 12.5% during the 3rd quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock worth $123,014,000 after acquiring an additional 2,979,183 shares during the last quarter. State Street Corp lifted its position in Weatherford International by 3.3% during the 2nd quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock worth $195,718,000 after acquiring an additional 1,617,102 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Weatherford International by 5,565.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,389,998 shares of the oil and gas company’s stock worth $6,366,000 after acquiring an additional 1,365,462 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Weatherford International by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock worth $323,144,000 after acquiring an additional 1,203,292 shares during the last quarter.

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About Weatherford International

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

Analyst Recommendations for Weatherford International (NYSE:WFT)

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