Weatherford International plc ( (NYSE:WFT):
Weatherford Reports Third Quarter 2016 Results.
The company is now down by -3.18% since yesterday’s close of $5.34.
Shares are trading at $5.17 marginally under the 50 day moving average of $5.81 and a tad below the 200 day moving average of $6.02. The 50 day moving average went down by -11.06% and the 200 day average went down $-0.85 or -14.11%.
In the last earnings report the EPS was $-2.98 and is projected to be $-1.20 for the current year with 896,151,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.24 and the next full year EPS is projected to be $-0.65.
A few investment firms have issued ratings on the stock. On October 11 Citigroup made no change to the company rating of “Buy” and raised the price target to $8.00 from $7.00. October 5 investment analysts at Citigroup kept the company rating at “Buy” but lowered the price expectation from $8.00 to $7.00.
On September 30, 2016 Loop Capital issued its first research report on the stock setting a rating of “Hold” and establishing a price target of $6.00. September 12 investment analysts at Citigroup made no change to the stock rating of “Buy” and moved up the price target from $7.00 to $8.00.
On June 24 analysts at Imperial Capital began coverage giving it an initial rating of “In-line” and a price target of $7.00. June 14 investment analysts at Citigroup maintained a stock rating of “Buy” and raised the price expectation from $7.00 to $8.00.