Weatherford International (WFT) Downgraded to Underperform at Jefferies Group

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.

Weatherford International (NYSE:WFT) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.39) EPS. research analysts anticipate that Weatherford International will post -1.02 earnings per share for the current year.

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.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2018/01/08/weatherford-international-wft-downgraded-to-underperform-at-jefferies-group.html.

Weatherford International Company Profile

Analyst Recommendations for Weatherford International (NYSE:WFT)

What are top analysts saying about Weatherford International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Weatherford International and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit