Jefferies Group lowered shares of Weatherford International (NYSE:WFT) from a hold rating to an underperform rating in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have $3.00 price objective on the oil and gas company’s stock.
Several other equities research analysts have also recently issued reports on the stock. UBS Group set a $6.00 price objective on shares of Weatherford International and gave the stock a buy rating in a research report on Wednesday, January 3rd. Credit Suisse Group set a $6.00 price objective on shares of Weatherford International and gave the stock a buy rating in a research report on Tuesday, January 2nd. Gabelli reissued a buy rating on shares of Weatherford International in a research report on Tuesday, January 2nd. Royal Bank of Canada set a $5.00 price target on shares of Weatherford International and gave the company a buy rating in a research report on Thursday, December 21st. Finally, Citigroup cut shares of Weatherford International from a buy rating to a neutral rating and set a $4.20 price target for the company. in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Weatherford International has a consensus rating of Buy and a consensus target price of $5.94.
Shares of Weatherford International (WFT) opened at $3.87 on Thursday. The stock has a market cap of $3,840.00, a price-to-earnings ratio of -2.71 and a beta of 2.32. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04.
In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of Weatherford International stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total value of $28,125.00. Following the transaction, the vice president now directly 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 is available at the SEC website. Insiders own 1.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WFT. Quantitative Systematic Strategies LLC acquired a new position in Weatherford International in the third quarter valued at $123,000. Private Advisor Group LLC increased its stake in Weatherford International by 63.2% in the second quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 15,178 shares during the period. CIBC World Markets Inc. acquired a new position in Weatherford International in the second quarter valued at $161,000. Balentine LLC increased its stake in Weatherford International by 68.5% in the third 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. Finally, Toronto Dominion Bank increased its stake in Weatherford International by 244.5% in the third quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 28,070 shares during the period.
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Weatherford International Company Profile
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