Weatherford (NYSE:WFT) Just Hit With Upgrade From Seaport Global. Will Other Analysts Also Upgrade the Stock?

January 23, 2018 - By Stephen Andrade

  Weatherford (NYSE:WFT) Just Hit With Upgrade From Seaport Global. Will Other Analysts Also Upgrade the Stock?

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.16, from 1.11 in 2017Q2. It dived, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported.

Cibc Ww reported 41,710 shares or 0% of all its holdings. Whitnell And invested 0% of its portfolio in Weatherford International plc (NYSE:WFT). Schneider has 5.82 million shares. Fdx owns 0.01% invested in Weatherford International plc (NYSE:WFT) for 97,676 shares. Balyasny Asset Mgmt Limited Com accumulated 0.35% or 19.32 million shares. Moreover, Hightower Lc has 0.01% invested in Weatherford International plc (NYSE:WFT) for 190,153 shares. Private Advisor Group Limited Liability Corporation holds 41,369 shares or 0% of its portfolio. Clearbridge Invests Ltd Liability holds 147.06M shares or 0.65% of its portfolio. Winslow Evans & Crocker invested in 0.02% or 13,000 shares. Cambridge Inv Research Advisors has 0% invested in Weatherford International plc (NYSE:WFT) for 12,364 shares. Encompass Capital Ltd has 2.25M shares. Corecommodity Limited Liability Company stated it has 22,377 shares or 0.1% of all its holdings. California Pub Employees Retirement Sys invested 0.02% in Weatherford International plc (NYSE:WFT). Ubs Asset Mgmt Americas reported 3.22M shares. Morgan Stanley stated it has 0.01% in Weatherford International plc (NYSE:WFT).

Weatherford (NYSE:WFT) Stock Upgrade

Investment analysts at the Seaport Global equity division increased shares of Weatherford (NYSE:WFT) to a “Buy” on 1 November. Seaport Global currently has a target price of $5.0 on WFT or 16.01 % more upside.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.16, from 1.11 in 2017Q2. It dived, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported.

Cibc Ww reported 41,710 shares or 0% of all its holdings. Whitnell And invested 0% of its portfolio in Weatherford International plc (NYSE:WFT). Schneider has 5.82 million shares. Fdx owns 0.01% invested in Weatherford International plc (NYSE:WFT) for 97,676 shares. Balyasny Asset Mgmt Limited Com accumulated 0.35% or 19.32 million shares. Moreover, Hightower Lc has 0.01% invested in Weatherford International plc (NYSE:WFT) for 190,153 shares. Private Advisor Group Limited Liability Corporation holds 41,369 shares or 0% of its portfolio. Clearbridge Invests Ltd Liability holds 147.06M shares or 0.65% of its portfolio. Winslow Evans & Crocker invested in 0.02% or 13,000 shares. Cambridge Inv Research Advisors has 0% invested in Weatherford International plc (NYSE:WFT) for 12,364 shares. Encompass Capital Ltd has 2.25M shares. Corecommodity Limited Liability Company stated it has 22,377 shares or 0.1% of all its holdings. California Pub Employees Retirement Sys invested 0.02% in Weatherford International plc (NYSE:WFT). Ubs Asset Mgmt Americas reported 3.22M shares. Morgan Stanley stated it has 0.01% in Weatherford International plc (NYSE:WFT).

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 34 analysts covering Weatherford International Ltd. (NYSE:WFT), 27 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Weatherford International Ltd. has $20 highest and $4.2 lowest target. $7.28’s average target is 68.91% above currents $4.31 stock price. Weatherford International Ltd. had 106 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital upgraded it to “Equal Weight” rating and $12 target in Monday, July 27 report. Susquehanna upgraded Weatherford International plc (NYSE:WFT) on Tuesday, October 27 to “Positive” rating. The firm has “Buy” rating by Citigroup given on Thursday, May 19. The company was maintained on Friday, July 28 by Piper Jaffray. BMO Capital Markets maintained Weatherford International plc (NYSE:WFT) on Thursday, July 13 with “Buy” rating. Citigroup maintained Weatherford International plc (NYSE:WFT) on Wednesday, October 5 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, December 13 by Cowen & Co. The firm has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley. The rating was maintained by BMO Capital Markets on Thursday, August 3 with “Outperform”. RBC Capital Markets maintained Weatherford International plc (NYSE:WFT) rating on Friday, November 10. RBC Capital Markets has “Buy” rating and $6.0 target.

It closed at $4.31 lastly. It is down 2.15% since January 23, 2017 and is uptrending. It has underperformed by 14.55% the S&P500.

Analysts await Weatherford International plc (NYSE:WFT) to report earnings on February, 7. They expect $-0.20 earnings per share, up 37.50 % or $0.12 from last year’s $-0.32 per share. After $-0.22 actual earnings per share reported by Weatherford International plc for the previous quarter, Wall Street now forecasts -9.09 % EPS growth.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. The company has market cap of $4.28 billion. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. It currently has negative earnings. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs.

More notable recent Weatherford International plc (NYSE:WFT) news were published by: Investorplace.com which released: “Falling Sales Growth Make Weatherford International (WFT) a Sell” on January 17, 2018, also Bizjournals.com with their article: “Deal of the Week: Weatherford sells US fracking business to Schlumberger …” published on January 05, 2018, Reuters.com published: “Weatherford shares plummet after company scraps OneStim venture” on January 02, 2018. More interesting news about Weatherford International plc (NYSE:WFT) were released by: Prnewswire.com and their article: “Weatherford Completes Sale of US Hydraulic Fracturing Business to Schlumberger …” published on December 29, 2017 as well as Seekingalpha.com‘s news article titled: “Weatherford Scraps JV, Sells Pressure Pumping Assets Instead” with publication date: January 08, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: