Citigroup Maintains Weatherford International Plc to Buy with Price Target $8.00

Brokerage firm Citigroup Maintains 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 Buy. The rating by Citigroup was issued on Sep 12, 2016.

In a different note, On Aug 2, 2016, Jefferies said it Maintains its rating on Weatherford International Plc. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Weatherford International Plc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on Weatherford International Plc. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Buy’ by the firm. Imperial Capital said it Initiates Coverage on Weatherford International Plc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘In-line’ by the firm.

Weatherford International Plc (WFT) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -2.87% at a volume of 2,05,30,038. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.57. The peak price level was also seen at $5.57 while the days lowest was $5.35. Finally the shares closed at $5.42. The 52-week high of the shares is $11.49 while the 52-week low is $4.71. According to the latest information available, the market cap of the company is $4,857 M.

Weatherford International Plc(WFT) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.40B. Analysts had an estimated revenue of $1.43B. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.29.

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.

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