Weatherford International (NYSE:WFT) had its target price decreased by Loop Capital to $7.00 in a report issued on Tuesday morning. Loop Capital currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the company. Societe Generale raised Weatherford International from a hold rating to a buy rating in a research note on Thursday, November 2nd. Citigroup lifted their price objective on Weatherford International from $5.30 to $5.60 and gave the company a buy rating in a research note on Thursday, October 5th. Seaport Global Securities raised Weatherford International from a neutral rating to a buy rating and lifted their price objective for the company from $4.00 to $5.00 in a research note 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 research note on Friday, October 13th. Finally, Deutsche Bank started coverage on Weatherford International in a research note on Tuesday, October 10th. They set a buy rating and a $6.00 price objective for the company. Five analysts have rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $5.90.

Weatherford International (NYSE WFT) traded up $0.11 during trading on Tuesday, hitting $4.10. The stock had a trading volume of 22,941,200 shares, compared to its average volume of 32,427,900. Weatherford International has a 52-week low of $3.08 and a 52-week high of $7.09. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. The company has a market capitalization of $3,960.00, a price-to-earnings ratio of -2.87 and a beta of 2.32.

Weatherford International (NYSE:WFT) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.39) earnings per share. research analysts forecast 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 Weatherford International 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 transaction, the vice president now owns 271,625 shares in the company, valued at $1,018,593.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.16% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WFT. Balentine LLC increased its holdings in Weatherford International by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after purchasing an additional 14,922 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Weatherford International by 40.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 447,470 shares of the oil and gas company’s stock valued at $2,049,000 after purchasing an additional 129,121 shares during the period. Janus Henderson Group PLC increased its holdings in Weatherford International by 61.0% during the 3rd quarter. Janus Henderson Group PLC now owns 191,986 shares of the oil and gas company’s stock valued at $880,000 after purchasing an additional 72,741 shares during the period. Boothbay Fund Management LLC increased its holdings in Weatherford International by 450.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 54,998 shares of the oil and gas company’s stock valued at $252,000 after purchasing an additional 44,998 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Weatherford International by 5,565.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,389,998 shares of the oil and gas company’s stock valued at $6,366,000 after purchasing an additional 1,365,462 shares during the period.

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About Weatherford International

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