Other analysts also recently issued reports about the stock. Capital One Financial downgraded shares of Weatherford International from an overweight rating to an equal weight rating in a research report on Wednesday, January 16th. Zacks Investment Research raised shares of Weatherford International from a sell rating to a hold rating in a research report on Monday, January 28th. Griffin Securities reissued a buy rating on shares of Weatherford International in a research report on Wednesday, February 27th. Finally, Credit Suisse Group downgraded shares of Weatherford International from an outperform rating to a neutral rating in a research report on Tuesday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $1.63.
WFT stock opened at $0.05 on Tuesday. The company has a market capitalization of $53.81 million, a price-to-earnings ratio of -0.09 and a beta of 2.11. Weatherford International has a 12 month low of $0.22 and a 12 month high of $3.75.
Weatherford International Company Profile
Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing and fluid systems, cementing, and coiled-tubing intervention; and drill stem test tools, and surface well testing and multiphase flow measurement services.
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