Weatherford Prices Public Offering of 100,000,000 Ordinary Shares

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Go back to Weatherford Prices Public Offering of 100,000,000 Ordinary Shares

KLR Group Cuts Price Target After Weatherford (WFT) Announces Completion of Share Dilution

March 3, 2016 6:55 AM EST

KLR Group maintained an Accumulate rating on Weatherford International (NYSE: WFT), and cut the price target to $8.00 (from $9.00), following the company's announced completion of a 100 million share offering, at $5.64/share. WFT earmarked the offering for general corporate purposes, including the repayment of existing indebtedness. WFT... More