Cowen reiterated their buy rating on shares of Weatherford International (NYSE:WFT) in a research report report published on Monday. The brokerage currently has a $6.00 price target on the oil and gas company’s stock.

A number of other brokerages have also weighed in on WFT. Sanford C. Bernstein raised Weatherford International from a market perform rating to an outperform rating in a report on Friday, November 3rd. Bank of America raised Weatherford International from an underperform rating to a neutral rating and set a $5.00 price objective on the stock in a report on Tuesday, January 16th. Zacks Investment Research lowered Weatherford International from a hold rating to a sell rating in a report on Sunday, January 21st. Tudor Pickering lowered Weatherford International from a hold rating to a sell rating in a report on Monday. Finally, Royal Bank of Canada set a $6.00 price objective on Weatherford International and gave the company a buy rating in a report on Sunday, October 8th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $5.59.

Weatherford International (NYSE:WFT) opened at $2.87 on Monday. Weatherford International has a 1 year low of $2.63 and a 1 year high of $7.09. The stock has a market capitalization of $2,910.00, a PE ratio of -1.73 and a beta of 2.07. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04.

Weatherford International (NYSE:WFT) last announced its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.12). Weatherford International had a negative net margin of 49.36% and a negative return on equity of 75.02%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. equities analysts predict that Weatherford International will post -0.56 earnings per share for the current fiscal year.

In other Weatherford International news, VP Douglas M. Mills sold 6,072 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $4.24, for a total transaction of $25,745.28. Following the transaction, the vice president now owns 232,399 shares in the company, valued at $985,371.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas M. Mills sold 7,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total value of $28,125.00. Following the transaction, the vice president now owns 271,625 shares in the company, valued at approximately $1,018,593.75. The disclosure for this sale can be found here. Insiders sold 46,726 shares of company stock worth $193,648 in the last 90 days. Company insiders own 1.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. AMG National Trust Bank boosted its position in Weatherford International by 111.6% during the fourth quarter. AMG National Trust Bank now owns 280,647 shares of the oil and gas company’s stock worth $1,170,000 after purchasing an additional 148,014 shares in the last quarter. D.A. Davidson & CO. boosted its position in Weatherford International by 94.6% during the fourth quarter. D.A. Davidson & CO. now owns 647,469 shares of the oil and gas company’s stock worth $2,700,000 after purchasing an additional 314,802 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Weatherford International by 658.4% during the fourth quarter. Teacher Retirement System of Texas now owns 324,980 shares of the oil and gas company’s stock worth $1,355,000 after purchasing an additional 282,132 shares in the last quarter. Aperio Group LLC boosted its position in Weatherford International by 10.8% during the fourth quarter. Aperio Group LLC now owns 169,133 shares of the oil and gas company’s stock worth $705,000 after purchasing an additional 16,437 shares in the last quarter. Finally, Comerica Bank boosted its position in Weatherford International by 31.9% during the fourth quarter. Comerica Bank now owns 1,647,597 shares of the oil and gas company’s stock worth $7,035,000 after purchasing an additional 398,021 shares in the last quarter.

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Weatherford International Company Profile

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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