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What Does Wall Street See for WFT before Its 2Q16 Earnings?

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Wall Street’s forecasts for WFT

In this article, we’ll look at Wall Street analysts’ recent forecasts for Weatherford International (WFT).

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Consensus rating for Weatherford International

Approximately 67% of analysts tracking Weatherford International rate it as a “buy” or equivalent. Approximately 25% rate the company as a “hold” or equivalent, and the remaining 8% rate it as a “sell.” WFT makes up 0.02% of the iShares MSCI World ETF (URTH).

In comparison, ~25% of analysts tracking C&J Energy Services (CJES) have rated it as a “buy” or some equivalent, while ~58% of analysts tracking it have rated it as a “hold.” The remaining analysts have rated it as a “sell.”

Analysts’ recommendations for Weatherford International

When it comes to individual recommendations, Raymond James, a diversified financial services company, has given WFT a target price of $9. WFT currently trades near $5.5, implying a ~63% return over the next 12 months. Another independent advisor, Stephens, has given WFT a target price of $4—one of its lowest target prices. This target implies a ~27% negative return from Weatherford International over the next 12 months.

Morgan Stanley (MS), a global investment bank, has given WFT a $13 target price—one of its highest target prices. At WFT’s current share price, this target implies a nearly 136% return over the next 12 months.

Analysts’ target prices for WFT

While the highest target price for WFT is $13, the lowest is $4. The median target price for WFT, surveyed among sell-side analysts, is ~$7.9. WFT is currently trading at ~$5.5, implying a ~43% upside at its median price.

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