Reporting a potential upside of 0.04%, Seaport Global bumped down the target of Weatherford International Ltd. (NYSE:WFT) to $4.00

Previously on 5/02/2017, Scotia Capital reported about Weatherford International Ltd. (NYSE:WFT) upped the target price from $0.00 to $6.00. At the time, this indicated a possible upside of 0.19%.

Only yesterday Weatherford International Ltd. (NYSE:WFT) traded 1.49% higher at $3.84. The company’s 50-day average is $4.09 and its two hundred day average is $4.91. With the last stock price close down -9.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 24,879,097 shares of WFT traded hands, up from an average trading volume of 18,491,100

Performance Chart

Weatherford International Ltd. has a 52 week low of $3.39 and a 52 week high of $7.09 Weatherford International Ltd.’s market cap is currently $0.

In addition to Seaport Global reporting its stock price target, a total of 32 brokerages have issued a ratings update on WFT. The one year target is $7.92 with eight analysts rating the stock a strong buy, 18 firms rating the stock a buy, seven Equity Analysts Rating the company a hold, four equity analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell.

More About Weatherford International Ltd. (NYSE:WFT)

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service company worldwide. It offers equipment and services used in the Drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs. The Formation Evaluation and Well Construction business group provides managed-pressure drilling, drilling services, tubular running services, drilling tools and rental equipment, wireline services, testing and production services, re-entry and fishing services, cementing products, liner systems, reservoir solutions, and surface logging systems. The Completion and Production business group offers artificial lift systems, and stimulation and completion systems. The Land Drilling Rigs business group provides onshore contract drilling services and related operations, as well as operates a fleet of land drilling and workover rigs. Weatherford International public limited company was founded in 1972 and is headquartered in Baar, Switzerland.

The post Weatherford International Ltd. (NYSE:WFT) stock price target bumped down to $4.00, released a research note earlier today by Seaport Global appeared first on Octafinance.