An issue of Weatherford International Ltd. (NYSE:WFT) debt rose 1.3% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 6.5% coupon and is set to mature on August 1, 2036. The bonds in the issue are now trading at $76.25. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.

Several research analysts have recently commented on WFT shares. Nomura set a $10.00 price target on shares of Weatherford International and gave the company a “buy” rating in a report on Tuesday, August 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $8.00 price target on shares of Weatherford International in a report on Friday, July 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $9.00 price target on shares of Weatherford International in a report on Friday, July 29th. Vetr lowered shares of Weatherford International from a “strong-buy” rating to a “buy” rating and set a $6.95 price target for the company. in a report on Monday, June 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price target (down from $8.00) on shares of Weatherford International in a report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Weatherford International presently has a consensus rating of “Buy” and a consensus price target of $8.83.

Shares of Weatherford International Ltd. (NYSE:WFT) opened at 6.15 on Friday. Weatherford International Ltd. has a 52-week low of $4.71 and a 52-week high of $11.49. The firm has a 50-day moving average of $5.74 and a 200 day moving average of $6.13. The company’s market capitalization is $5.51 billion.

Weatherford International (NYSE:WFT) last released its earnings results on Wednesday, July 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.02. Weatherford International had a negative net margin of 33.73% and a negative return on equity of 13.41%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted ($0.10) EPS. The company’s revenue was down 41.3% compared to the same quarter last year. On average, analysts anticipate that Weatherford International Ltd. will post $2.45 EPS for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 12,500 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $5.97, for a total transaction of $74,625.00. Following the transaction, the vice president now directly owns 223,933 shares in the company, valued at approximately $1,336,880.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd acquired a new position in Weatherford International during the first quarter worth about $130,340,000. Geode Capital Management LLC increased its position in Weatherford International by 18.8% in the first quarter. Geode Capital Management LLC now owns 5,390,989 shares of the company’s stock worth $41,919,000 after buying an additional 853,411 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Weatherford International by 116.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 376,090 shares of the company’s stock worth $2,926,000 after buying an additional 202,300 shares during the last quarter. Vanguard Group Inc. increased its position in Weatherford International by 5.4% in the second quarter. Vanguard Group Inc. now owns 68,298,516 shares of the company’s stock worth $379,057,000 after buying an additional 3,504,828 shares during the last quarter. Finally, State Street Corp increased its position in Weatherford International by 36.9% in the first quarter. State Street Corp now owns 26,567,174 shares of the company’s stock worth $206,692,000 after buying an additional 7,166,608 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Weatherford International Company Profile

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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