Simmons Remains Sidelined on Weatherford (WFT) - PT to $7.20
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Weatherford (WFT) Director Buys 100K Shares
May 10, 2016 5:16 PM EDTWeatherford (NYSE: WFT) Director, Robert Rayne, bought 100,000 shares on 05/09 at $5.587.
... MoreSociete Generale Downgrades Weatherford International (WFT) to Hold
May 10, 2016 12:53 PM EDTSociete Generale downgraded Weatherford International (NYSE: WFT) from Buy to Hold.
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 $5.27 yesterday.
... MoreFitch Downgrades Weatherford (WFT) to 'B+'; Notes Lower-than-Expected E&P Capital Spending in 2016
May 10, 2016 11:51 AM EDTFitch Ratings has downgraded Weatherford International plc (Weatherford)(NYSE: WFT) and its subsidiaries Long-Term Issuer Default Ratings (IDR) and senior unsecured ratings to 'B+' from 'BB'. Fitch has also assigned the secured term loan a rating of 'BB+/RR1', affirmed the amended unsecured bank facility rating at 'BB' and revised its Recovery Rating to 'RR2' from 'RR4'. The Rating Outlook remains Negative.
The downgrade reflects the lower than previously expected E&P capital spending in 2016 and Fitch's lower and longer services recovery profile assumption. This is forecast to further... More
KLR Group Cuts Price target on Weatherford (WFT) as EPS Miss Adds Risk to Stock
May 9, 2016 8:01 AM EDTKLR Group maintained an Accumulate rating on Weatherford International (NYSE: WFT), and cut the price target to $7.25 (from $9.25), following the company's 1Q earnings report. WFT reported a loss per share of ($0.29) versus consensus' estimate of a loss of ($0.25). The EPS and FCF miss rendered a blow to WFT's credibility, compounded by lower FCF guidance, which adds risk to the stock.
Analyst Darren Gacicia commented, "We are maintaining our... More
