Weatherford International plc (NYSE:WFT) has earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $1.81.
WFT has been the topic of several analyst reports. Credit Suisse Group cut Weatherford International from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 14th. Wells Fargo & Co cut Weatherford International to a “sell” rating in a research report on Tuesday, May 14th.
Weatherford International has a 1 year low of $0.22 and a 1 year high of $3.75. The stock has a market capitalization of $29.11 million, a price-to-earnings ratio of -0.05 and a beta of 2.11. The firm has a 50 day moving average of $0.04.
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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