Brokerage Firm Rating on Weatherford International plc (WFT)

Weatherford International plc (WFT) : The consensus on Weatherford International plc (WFT) based on 23 analyst recommendation on the company stock is 2.22, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Weatherford International plc (WFT).

Weatherford International plc (WFT) : The most positive equity analysts on Weatherford International plc (WFT) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $5 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $7.67 with an expected fluctuation of $2.19 from the mean.


For the current week, the company shares have a recommendation consensus of 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 $5.44 and $5.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.57, notching a gain of 3.34% for the day. The total traded volume was 12,174,019 . The stock had closed at $5.39 on the previous day.

In a related news, Kalman Francis S, director of Weatherford International Plc, executed a transaction worth $158,700 on May 9, 2016. A total of 30,000 shares were purchased at an average price of $5.29. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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