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Weatherford International: Valuation, Analyst Targets, and More

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Part 7
Weatherford International: Valuation, Analyst Targets, and More PART 7 OF 7

Wall Street’s Call on Weatherford International

Wall Street’s call on Weatherford International

In this article, we’ll look Wall Street’s call and target price for Weatherford International (WFT) on September 12.Wall Street’s Call on Weatherford International

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Analysts’ rating for Weatherford International

On September 12, ~73% of Wall Street analysts tracking Weatherford International rated it a “buy” or some equivalent. Approximately, 24% of the analysts rated WFT a “hold,” and the rest rated it a “sell,” according to data compiled by Reuters. In comparison, 72% of sell-side analysts tracking Schlumberger (SLB) rated it a “buy” or some equivalent while 28% rated it a “hold.”

Analysts’ rating changes for WFT

From June 12 to September 12, the percentage of analysts recommending a “buy” or some equivalent for WFT has fallen from 74% to 73%. Analysts’ “hold” recommendations have risen for WFT during this period. A year ago, ~69% of sell-side analysts recommended a “buy” for WFT. Weatherford International is 0.02% of the iShares Russell 1000 ETF (IWB). In the past year, IWB has risen 17% compared to a 33% fall in WFT’s stock price.

Analysts’ target prices for WFT and its peers

Wall Street analysts’ median target price for WFT on September 12 was ~$6.0. WFT is currently trading at ~$4.4, implying a ~37% upside at its current median price. A month ago, analysts’ average target price for WFT was $5.95.

The mean target price surveyed among sell-side analysts for TETRA Technologies (TTI) is $4.2. TTI is currently trading at ~$2.2, implying an ~89% upside at its mean target price. The mean target price surveyed among sell-side analysts, for Core Laboratories (CLB) is $114.2. CLB is currently trading at $94.7, implying nearly 21% potential returns at its average target price.

Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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