BMO Capital Markets Analysts Give Weatherford International (WFT) a $3.00 Price Target

BMO Capital Markets set a $3.00 price target on Weatherford International (NYSE:WFT) in a report released on Tuesday. The brokerage currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies set a $2.00 price target on Weatherford International and gave the stock a hold rating in a report on Sunday, July 29th. ValuEngine raised Weatherford International from a sell rating to a hold rating in a report on Tuesday, August 7th. Wolfe Research began coverage on Weatherford International in a report on Wednesday, October 10th. They issued a peer perform rating for the company. Tudor Pickering raised Weatherford International from a sell rating to a buy rating in a report on Monday, August 20th. Finally, Stifel Nicolaus reissued a hold rating and issued a $2.50 price target on shares of Weatherford International in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $3.50.

Shares of NYSE WFT opened at $1.21 on Tuesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.04 and a beta of 2.84. Weatherford International has a fifty-two week low of $1.10 and a fifty-two week high of $4.41.

Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Monday, October 29th. The oil and gas company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.52 billion. Weatherford International had a negative return on equity of 283.53% and a negative net margin of 45.58%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.22) earnings per share. Sell-side analysts forecast that Weatherford International will post -0.57 EPS for the current year.

In other news, Director William E. Macaulay sold 767,591 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $2.86, for a total value of $2,195,310.26. Following the completion of the transaction, the director now directly owns 399,443 shares in the company, valued at $1,142,406.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Angela A. Minas acquired 40,000 shares of Weatherford International stock in a transaction dated Monday, September 17th. The stock was purchased at an average price of $2.45 per share, with a total value of $98,000.00. Following the completion of the purchase, the director now owns 102,711 shares of the company’s stock, valued at $251,641.95. The disclosure for this purchase can be found here. Company insiders own 0.44% of the company’s stock.

Large investors have recently made changes to their positions in the company. Crewe Advisors LLC raised its stake in shares of Weatherford International by 100.0% in the second quarter. Crewe Advisors LLC now owns 136,846 shares of the oil and gas company’s stock worth $382,000 after purchasing an additional 68,423 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Weatherford International by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 4,245,369 shares of the oil and gas company’s stock worth $13,967,000 after purchasing an additional 89,037 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Weatherford International by 13.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,273,299 shares of the oil and gas company’s stock worth $17,350,000 after purchasing an additional 634,542 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new position in shares of Weatherford International in the second quarter worth about $720,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Weatherford International in the second quarter worth about $158,000.

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.

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Analyst Recommendations for Weatherford International (NYSE:WFT)

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