In a report issued on February 1, James Wicklund from Credit Suisse maintained a Buy rating on Weatherford (WFT), with a price target of $1. The company’s shares closed on Friday at $0.77, close to its 52-week low of $0.22.
According to TipRanks.com, Wicklund ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.8% and a 33.2% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Ncs Multistage Holdings Inc, and Select Energy Services Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Weatherford with a $1.08 average price target.
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Based on Weatherford’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.43 billion and GAAP net loss of $2.1 billion. In comparison, last year the company earned revenue of $1.49 billion and had a GAAP net loss of $1.94 billion.
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Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: Western Hemisphere and Eastern Hemispher. The company products and services are Drilling and Evaluation, Production, Completions, and Well Construction.
