Loop Capital set a $5.00 price target on Weatherford International (NYSE:WFT) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reiterated a hold rating on shares of Weatherford International in a report on Thursday, January 25th. Tudor Pickering lowered Weatherford International from a hold rating to a sell rating in a report on Monday, February 5th. Cowen reiterated a buy rating and set a $6.00 price target on shares of Weatherford International in a report on Monday, February 5th. Morgan Stanley reduced their price target on Weatherford International from $5.50 to $5.00 and set an overweight rating for the company in a report on Thursday, November 2nd. Finally, Seaport Global Securities reiterated a buy rating and set a $6.00 price target on shares of Weatherford International in a report on Monday, February 5th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $5.59.

Shares of Weatherford International (WFT) opened at $2.89 on Tuesday. The stock has a market capitalization of $2,850.00, a PE ratio of -1.74 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 has a 1-year low of $2.63 and a 1-year high of $7.09.

Weatherford International (NYSE:WFT) last announced its quarterly 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). The firm 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 firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. sell-side analysts anticipate that Weatherford International will post -0.6 earnings per share for the current year.

In other news, VP Douglas M. Mills sold 6,072 shares of the company’s 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 completion of the transaction, the vice president now directly owns 232,399 shares in the company, valued at $985,371.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Douglas M. Mills sold 7,500 shares of the company’s 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 of the company’s stock, valued at $1,018,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,726 shares of company stock valued at $193,648. Corporate insiders own 1.16% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bank of Nova Scotia lifted its holdings in shares of Weatherford International by 825.9% during the second quarter. Bank of Nova Scotia now owns 331,000 shares of the oil and gas company’s stock worth $1,281,000 after buying an additional 376,600 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Weatherford International during the third quarter valued at approximately $392,000. Timber Hill LLC bought a new stake in shares of Weatherford International during the third quarter valued at approximately $280,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Weatherford International by 35.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 412,589 shares of the oil and gas company’s stock valued at $1,890,000 after purchasing an additional 109,098 shares during the period. Finally, Precocity Capital LP increased its position in shares of Weatherford International by 47.1% during the third quarter. Precocity Capital LP now owns 1,250,000 shares of the oil and gas company’s stock valued at $5,725,000 after purchasing an additional 400,000 shares during the period.

COPYRIGHT VIOLATION WARNING: “Weatherford International (WFT) Given a $5.00 Price Target by Loop Capital Analysts” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/02/10/weatherford-international-wft-given-a-5-00-price-target-by-loop-capital-analysts.html.

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)

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.