Weatherford Reports First Quarter 2016 Results
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Seaport Global Securities Upgrades Weatherford International (WFT) to Buy
May 6, 2016 9:28 AM EDTSeaport Global Securities upgraded Weatherford International (NYSE: WFT) from Neutral to Buy with a price target of $7.00 (from $7.50).
Analyst Ken Sill commented, "We are raising our rating on WFT to Buy from Neutral as the 24% sell-off in WFT shares Thursday feels excessive,... More
Jefferies Tweaks Weatherford (WFT) PT Down to $9
May 6, 2016 7:48 AM EDTJefferies analyst Brad Handler lowered his price target on Weatherford International (NYSE: WFT) to $9.00 (from $10.00) but maitnianed a Buy rating.
Handler commented, "The combination of lower (and amortizing) credit availability and softer FCF makes WFT's condition more tenuous to be sure. We... More
Wells Fargo Downgrades Weatherford International (WFT) to Market Perform
May 6, 2016 7:13 AM EDTWells Fargo downgraded Weatherford International (NYSE: WFT) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Weatherford International click here. For more ratings news on Weatherford International click here.
Shares of Weatherford International closed at $5.67 yesterday.
... MoreCapitalOne Downgrades Weatherford International (WFT) to Equal-weight
May 5, 2016 2:08 PM EDTCapitalOne downgraded Weatherford International (NYSE: WFT) from Overweight to Equal-weight.
For an analyst ratings summary and ratings history on Weatherford International click here. For more ratings news on Weatherford International click here.
Shares of Weatherford International closed at $7.48 yesterday.
... MoreStephens Downgrades Weatherford International (WFT) to Underweight
May 5, 2016 9:04 AM EDTStephens downgraded Weatherford International (NYSE: WFT) from Equal Weight to Underweight.
For an analyst ratings summary and ratings history on Weatherford International click here. For more ratings news on Weatherford International click here.
Shares of Weatherford International closed at $7.48 yesterday.
... MoreWeatherford (WFT) Misses Q1 EPS by 3c, Continues Headcount Cuts
May 4, 2016 5:48 PM EDTWeatherford (NYSE: WFT) reported Q1 EPS of ($0.29), $0.03 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.66 billion.
Outlook
In the first quarter of 2016, we completed 78% of our latest 6,000 headcount reduction target, ceased operations at four of the nine planned manufacturing and service facilities for the year, and shut down 26 operating and other facilities in North America.
As we continue to weather the reality of this downturn, we plan to further reduce our cost structure by another 2,000 in headcount and complete the closing of five... More
