Bank of America upgraded shares of Weatherford International (NYSE:WFT) from an underperform rating to a neutral rating in a report published on Tuesday, Marketbeat.com reports. The firm currently has $5.00 price target on the oil and gas company’s stock.

A number of other equities analysts have also issued reports on WFT. Zacks Investment Research upgraded shares of Weatherford International from a sell rating to a hold rating in a research report on Saturday, January 13th. Jefferies Group lowered shares of Weatherford International from a hold rating to an underperform rating and set a $3.00 target price on the stock. in a research report on Thursday, January 4th. Seaport Global Securities upgraded shares of Weatherford International from a neutral rating to a buy rating and raised their target price for the stock from $4.00 to $5.00 in a research report on Wednesday, November 1st. Societe Generale upgraded shares of Weatherford International from a hold rating to a buy rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group set a $6.00 target price on shares of Weatherford International and gave the stock a buy rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Weatherford International presently has an average rating of Buy and an average price target of $5.77.

Weatherford International (WFT) opened at $4.05 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44. The stock has a market cap of $3,930.41, a P/E ratio of -2.76 and a beta of 2.32. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09.

Weatherford International (NYSE:WFT) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) earnings per share. research analysts predict that Weatherford International will post -1.02 EPS for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of the firm’s stock in a transaction on 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 owns 271,625 shares of the company’s stock, valued at $1,018,593.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Douglas M. Mills sold 15,223 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $4.07, for a total value of $61,957.61. Following the completion of the sale, the vice president now directly owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The disclosure for this sale can be found here. 1.16% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in WFT. Quantitative Systematic Strategies LLC acquired a new stake in Weatherford International in the third quarter valued at $123,000. Private Advisor Group LLC lifted its holdings 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 acquiring an additional 15,178 shares during the period. CIBC World Markets Inc. acquired a new stake in Weatherford International in the second quarter valued at $161,000. Balentine LLC lifted its holdings 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 acquiring an additional 14,922 shares during the period. Finally, Toronto Dominion Bank lifted its holdings 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 acquiring an additional 28,070 shares during the period.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

Analyst Recommendations for Weatherford International (NYSE:WFT)

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