Short Term Price Target on Weatherford International plc (WFT)

Weatherford International plc (NYSE:WFT) has been rated by 21 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $4. The average forecast of all the analysts is $7.72 and the expected standard deviation is $2.12.

Weatherford International plc has dropped 11.76% in the last five trading days, however, the shares have posted positive gains of 0.36% in the last 4 weeks. Weatherford International plc has dropped 25.6% during the last 3-month period . Year-to-Date the stock performance stands at -33.85%. Also, Imperial Capital initiates coverage on Weatherford International plc (NYSE:WFT). Imperial Capital has a In-line rating on the shares. As per the latest report, the brokerage house announces the price target to $7 per share. The rating by the firm was issued on June 24, 2016.

Weatherford International plc (NYSE:WFT) : Zacks Investment Research ranks Weatherford International plc (NYSE:WFT) as 3, which is a Hold recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 2.2, which indicates as a Buy.

Weatherford International plc (NYSE:WFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.50 and $5.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.55, notching a gain of 0.91% for the day. The total traded volume was 14,896,704 . The stock had closed at $5.50 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Weatherford International Plc, Kalman Francis S had purchased shares worth of $158,700 in a transaction dated on May 9, 2016. A total of 30,000 shares were purchased at a price of $5.29 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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