Investment analysts at Barclays Capital dropped their target price on shares of Weatherford (NYSE: WFT)
Shares of Weatherford traded down 1.46% during mid-day trading on Friday, hitting $11.45. Weatherford has a 52 week low of $8.84 and a 52 week high of $18.33. The stock?s 50-day moving average is currently $10.79. The company?s market cap is $8.756 billion.
Weatherford last announced its earnings results on Monday, November 12th. The company reported $0.00 EPS for the quarter. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.37 billion. On average, analysts predict that Weatherford will post $0.71 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim upgraded shares of Weatherford from a ?neutral? rating to a ?buy? rating in a research note to investors on Monday. They now have a $18.00 price target on the stock. Separately, analysts at TheStreet reiterated a ?hold? rating on shares of Weatherford in a research note to investors on Thursday, December 27th. Finally, analysts at Simmons downgraded shares of Weatherford to a ?neutral? rating in a research note to investors on Friday, December 21st.
Fifteen research analysts have rated the stock with a buy rating, four have assigned an overweight rating, fourteen have given a hold rating, and two have issued a sell rating to the stock. The company has an average rating of ?overweight? and an average price target of $13.70.
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.