Stephens Cuts Weatherford International Ltd (NYSE:WFT) Stock To a Equal-weight Rating

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Weatherford International Ltd (NYSE:WFT) Receives a Downgrade

The old rating for Weatherford International Ltd (NYSE:WFT) shares of a Overweight has been discontinued, as research analysts at Stephens downgraded the current rating for Weatherford International Ltd (NYSE:WFT) shares to a Equal-weight.

From a total of 28 analysts covering Weatherford International Ltd. (NYSE:WFT) stock, 22 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $20 while the lowest target price is $8. The mean of all analyst targets is $12.46 with a 22.69% above today’s ($10.8) stock price. Weatherford International Ltd. was the topic of 21 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 26 with “Outperform” rating. Barclays Capital upgraded shares to “Equal Weight” rating and $12 target share price in a report from a July 27. TD Securities upgraded WFT stock in a recent report from September 11 to “Buy” rating. Cowen & Co maintained the rating on July 23. Cowen & Co has a “Outperform” rating and a $14 price target on shares. Finally, Stephens upgraded the stock to “Overweight” rating in a report issued on an August 28.

Approximately 2.32 million shares of stock traded hands. Weatherford International Plc (NYSE:WFT) has declined 25.98% since April 30, 2015 and is downtrending. It has underperformed by 25.69% the S&P500.

Stephens Cuts Weatherford International Ltd (NYSE:WFT) Stock To a Equal-weight Rating

According to Zacks Investment Research, “Weatherford International is one of the world’s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company’s products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services.” Get a free copy of the Zacks research report on Weatherford International Plc (WFT).

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