Analysts Set Weatherford International plc (NYSE:WFT) Price Target at $1.81

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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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WFT. Oakbrook Investments LLC bought a new stake in shares of Weatherford International during the 1st quarter worth $29,000. Icon Wealth Partners LLC bought a new stake in shares of Weatherford International during the 1st quarter worth $33,000. Fiera Capital Corp acquired a new stake in shares of Weatherford International in the first quarter worth $37,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Weatherford International in the first quarter worth $41,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Weatherford International by 95.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 69,500 shares of the oil and gas company’s stock worth $49,000 after buying an additional 34,000 shares during the period. 85.48% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Weatherford International (NYSE:WFT)

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