Weatherford (NYSE:WFT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.15. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.88 billion. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Weatherford will post $0.82 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Tudor Pickering downgraded shares of Weatherford from an “accumulate” rating to a “hold” rating in a research note to investors on Friday, October 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Weatherford in a research note to investors on Monday, September 23rd. They now have a $16.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Weatherford from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 18th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.47.
