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Analyzing Wall Street's Forecast for Weatherford International

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Part 5
Analyzing Wall Street's Forecast for Weatherford International PART 5 OF 5

Wall Street Analysts’ Forecast for Weatherford on March 17

Analysts’ forecast for Weatherford International

In this part, we’ll look at Wall Street analysts’ forecast for Weatherford International (WFT) shares.

Wall Street Analysts&#8217; Forecast for Weatherford on March 17

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On March 17, 2017, ~74% of the analysts tracking Weatherford International rated it a “buy” or some equivalent. Approximately 20% rated the company a “hold” or some equivalent. Only 6% of the analysts recommended a “sell” or some equivalent. Weatherford International is 3.6% of the iShares US Oil Equipment & Services ETF (IEZ).

In comparison, ~67% of the analysts tracking Key Energy Services (KEG) rated it a “buy” or some equivalent. Approximately 33% of the analysts rated the company a “hold.” Key Energy Services is Weatherford International’s smaller market cap peer in the oilfield services industry.

Analysts’ rating changes 

From December 17, 2016, to March 17, 2017, the percentage of analysts recommending a “buy” or some equivalent for Weatherford rose from 73% to 74%. A year ago, ~71% of the sell-side analysts recommended a “buy” for Weatherford.

Analysts’ target prices 

On March 17, Wall Street analysts’ mean target price for Weatherford was $7.46. Weatherford was trading at $6.15 on March 17. It implies ~21% upside at its current mean target price. A month ago, analysts’ average target price for Weatherford was $7.5. Read What Does Weatherford’s Relative Valuation Suggest? to learn more about Weatherford’s valuation.

Target prices for Weatherford’s peers

The mean target price, surveyed among sell-side analysts, for Oil States International (OIS) was $39.9 on March 17. Currently, Oil States International is trading at ~$33. It implies 22% upside at its average target price. The mean target price, surveyed among sell-side analysts, for Oceaneering International (OII) is $29.8. Currently, Oceaneering International is trading at ~$26. It implies 15% upside at its average price.

To learn more about the OFS industry, read What Oilfield Services Companies’ Forward Multiples Indicate.

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