Weatherford Shares Given New $25.00 Price Target by Analyst at Bank of America (WFT)

Equities research analysts at Bank of America (NYSE: BAC) boosted their price target on shares of Weatherford (NYSE: WFT) from $21.00 to $25.00 in a research note issued to investors on Thursday. They currently have a “buy” rating on the company’s shares.

Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Weatherford in a research note to investors on Thursday, January 12nd. They now have a $20.00 price target on the stock. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Weatherford in a research note to investors on Monday, January 2nd. They now have a $15.00 price target on the stock. Also, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Weatherford from $24.00 to $30.00 in a research note to investors on Monday, December 19th. They now have an “overweight” rating on the stock.

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. It conducts operations in approximately 100 countries and has service and sales locations in the oil and natural gas producing regions in the world. The Company’s product offerings are grouped into ten service lines: drilling services; artificial lift systems; well construction; completion systems; integrated drilling; drilling tools, re-entry and fishing; stimulation and chemicals services; wireline and evaluation services, and pipeline and specialty services. Its geographic reporting segments include North America, Latin America, Europe/West Africa/ the Former Soviet Union (FSU) and Middle East/North Africa/Asia. In July 2009, the Company acquired the Oilfield Services Division (OFS) of TNK-BP.

Weatherford opened at 17.79 on Thursday. Weatherford has a 52-week low of $10.85 and a 52-week high of $26.25. The stock has a 50-day moving average of $16.16 and a 200-day moving average of $15.6. The company has a market cap of $13.415 billion and a price-to-earnings ratio of 51.41.

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Posted by Web Inquirer Staff on 11 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.