Weatherford International plc ( (NYSE:WFT):
Weatherford communique ses rÃ©sultats pour le troisiÃ¨me trimestre 2016.
The company is so far trading down by -3.18 percent from yesterday’s close.
Company chares are trading at $5.17 a bit lower than $5.81, the stock’s 50 day moving average and a tad below the 200 day moving average of $6.02. The 50 day moving average went down $-0.64 or -11.06% and the 200 day average moved down $-0.85.
As of the last earnings report the EPS was $-2.98 and is expected to be $-1.20 for the current year with 896,151,000 shares outstanding. Analysts expect next quarter’s EPS to be $-0.24 and the next full year EPS is projected to be $-0.52.
Several brokerages have issued ratings on WFT of late. October 11 investment analysts at Citigroup kept the stock rating at “Buy” and raised the price target to $8.00 from $7.00. On October 5 Citigroup held the company rating at “Buy” but lowered the price target from $8.00 to $7.00.
Loop Capital initiated coverage on the stock with an initial rating of “Hold” and setting a price target of $6.00. On September 12 Citigroup maintained a company rating of “Buy” and moved up the price target to $8.00 from $7.00.
On June 24 analysts at Imperial Capital added the stock to its research portfolio by announcing an initial rating of “In-line” and price target of $7.00. June 14 investment analysts at Citigroup kept the company rating at “Buy” and raised the price expectation to $8.00 from $7.00.