Weatherford International (NYSE:WFT) had its price objective trimmed by Loop Capital to $7.00 in a research note released on Tuesday. The firm currently has a buy rating on the oil and gas company’s stock.

Other research analysts also recently issued research reports about the stock. Societe Generale upgraded shares of Weatherford International from a hold rating to a buy rating in a research report on Thursday, November 2nd. Citigroup upped their price target on shares of Weatherford International from $5.30 to $5.60 and gave the stock a buy rating in a research report on Thursday, October 5th. Seaport Global Securities upgraded shares of Weatherford International from a neutral rating to a buy rating and upped their price target for the stock from $4.00 to $5.00 in a research report on Wednesday, November 1st. BMO Capital Markets reissued a buy rating and set a $5.50 price objective on shares of Weatherford International in a report on Friday, October 13th. Finally, Deutsche Bank began coverage on Weatherford International in a report on Tuesday, October 10th. They set a buy rating and a $6.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Weatherford International currently has an average rating of Buy and an average price target of $5.90.

Shares of Weatherford International (NYSE:WFT) traded up $0.07 during midday trading on Tuesday, reaching $4.17. 22,070,600 shares of the company traded hands, compared to its average volume of 31,133,275. The firm has a market cap of $4,140.00, a P/E ratio of -2.92 and a beta of 2.32. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44. Weatherford International has a 1-year low of $3.08 and a 1-year high of $7.09.

Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) EPS. research analysts predict that Weatherford International will post -1.02 earnings per share for the current year.

In other news, VP Douglas M. Mills sold 7,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total value of $28,125.00. Following the completion of the sale, the vice president now directly owns 271,625 shares of the company’s stock, valued at approximately $1,018,593.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in WFT. Quantitative Systematic Strategies LLC bought a new stake in shares of Weatherford International in the 3rd quarter valued at about $123,000. Private Advisor Group LLC increased its stake in shares of Weatherford International by 63.2% in the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 15,178 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Weatherford International in the 2nd quarter valued at about $161,000. Balentine LLC increased its stake in shares of Weatherford International by 68.5% in the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after acquiring an additional 14,922 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Weatherford International by 244.5% in the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after acquiring an additional 28,070 shares during the last quarter.

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Weatherford International Company Profile

Analyst Recommendations for Weatherford International (NYSE:WFT)

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