Weatherford International (WFT) Given a $3.00 Price Target by Jefferies Group Analysts

Weatherford International (NYSE:WFT) has been given a $3.00 price target by equities research analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s price objective points to a potential upside of 2.74% from the company’s current price.

WFT has been the subject of several other research reports. Barclays downgraded Weatherford International from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $6.00 to $3.50 in a report on Tuesday, February 13th. Seaport Global Securities restated a “buy” rating and set a $6.00 price objective on shares of Weatherford International in a report on Monday, February 5th. Loop Capital set a $5.00 price objective on Weatherford International and gave the company a “buy” rating in a report on Tuesday, February 6th. Piper Jaffray downgraded Weatherford International from an “overweight” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Tuesday, April 3rd. Finally, Credit Suisse Group set a $6.00 price objective on Weatherford International and gave the company a “buy” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $4.73.

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NYSE WFT opened at $2.92 on Tuesday. The company has a market cap of $2,573.47, a PE ratio of -2.52 and a beta of 2.34. Weatherford International has a 52 week low of $2.07 and a 52 week high of $6.09. The company has a quick ratio of 1.19, a current ratio of 1.74 and a debt-to-equity ratio of -13.21.

Weatherford International (NYSE:WFT) last released its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Weatherford International had a negative return on equity of 114.20% and a negative net margin of 49.36%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. equities analysts anticipate that Weatherford International will post -0.66 earnings per share for the current fiscal year.

In related news, VP Douglas M. Mills sold 6,072 shares of Weatherford International 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 of the company’s stock, valued at $985,371.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Aperio Group LLC boosted its position in Weatherford International by 10.8% in 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 during the last quarter. Brown Advisory Inc. boosted its position in Weatherford International by 18.8% in the fourth quarter. Brown Advisory Inc. now owns 111,546 shares of the oil and gas company’s stock worth $465,000 after purchasing an additional 17,662 shares during the last quarter. American International Group Inc. boosted its position in Weatherford International by 39.2% in the fourth quarter. American International Group Inc. now owns 65,572 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 18,462 shares during the last quarter. Bessemer Group Inc. boosted its position in Weatherford International by 5.8% in the fourth quarter. Bessemer Group Inc. now owns 339,901 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 18,568 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Weatherford International by 17.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 129,692 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 19,382 shares during the last quarter.

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Weatherford International Company Profile

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

Analyst Recommendations for Weatherford International (NYSE:WFT)

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