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



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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