Barclays Upgrades Weatherford International Plc to Overweight with Price Target $8.00

Brokerage firm Barclays Upgrades its rating on Weatherford International Plc(NYSE:WFT). In a research note issued to the investors, the brokerage major Raises the price-target to $8.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Jun 6, 2016.

In a different note, On Jun 3, 2016, Piper Jaffray said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Overweight’ by the firm. On May 19, 2016, Citigroup said it Maintains its rating on Weatherford International Plc. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Wells Fargo said it Downgrades its rating on Weatherford International Plc. The shares have been rated ‘Market Perform’ by the firm. On May 6, 2016, Seaport Global said it Upgrades its rating on Weatherford International Plc. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Stephens & Co. said it Downgrades its rating on Weatherford International Plc. The shares have been rated ‘Underperform’ by the firm. On Apr 19, 2016, Morgan Stanley said it Maintains its rating on Weatherford International Plc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Overweight’ by the firm.

Weatherford International Plc (WFT) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -2.66% at a volume of 1,79,96,480. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.72. The peak price level was also seen at $6.72 while the days lowest was $6.54. Finally the shares closed at $6.58. The 52-week high of the shares is $14.42 while the 52-week low is $4.71. According to the latest information available, the market cap of the company is $5,894 M.

Weatherford International Plc(WFT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.58B. Analysts had an estimated revenue of $1.66B. Earnings per share were $-0.29. Analysts had estimated an EPS of $-0.26.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Francis S Kalman (director) purchased 30,000 shares at $5.29 per share price.Also, On May 10, 2016, Robert A Rayne (director) purchased 100,000 shares at $5.59 per share price.On May 10, 2016, Douglas M. Mills (VP & Chief Accounting Officer) sold 5,070 shares at $5.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *