Weatherford (NYSE: WFT) was downgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a research note issued to investors on Monday.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Weatherford in a research note to investors on Monday, March 4th. Separately, analysts at Susquehanna cut their price target on shares of Weatherford from $13.00 to $12.00 in a research note to investors on Thursday, February 28th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Weatherford from $13.00 to $14.00 in a research note to investors on Thursday, February 28th. They now have a “buy” rating on the stock.
Shares of Weatherford traded down 1.69% during mid-day trading on Monday, hitting $11.61. Weatherford has a one year low of $8.84 and a one year high of $17.75. The stock’s 50-day moving average is currently $12.59. The company’s market cap is $8.883 billion.
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.
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