In this part, we’ll look Wall Street analysts’ recommendations for Weatherford International (WFT).
Consensus rating for Weatherford International
On March 1, ~71% of the analysts tracking Weatherford International rated it as a “buy” or some equivalent, according to data compiled by Reuters. Approximately 20% of the analysts rated Weatherford International as a “hold,” while the rest rated it as a “sell.” In comparison, only 14% of the analysts tracking National Oilwell Varco (NOV) rated it as a “buy” or some equivalent.
Analysts’ rating changes
From December 2016 to March 2017, the percentage of analysts recommending a “buy” or some equivalent for Weatherford International fell from 72% to 71%. Analysts’ “sell” recommendations rose for Weatherford International during this period. A year ago, ~69% of the sell-side analysts recommended a “buy” for Weatherford International. Weatherford International accounts for 0.02% of the iShares Russell 1000 ETF (IWB).
Analysts’ target prices
On March 1, Wall Street analysts’ median target price for Weatherford International was ~$7.5. Currently, Weatherford International is trading at ~$5.8. It implies ~29% upside at its current median price. A month ago, analysts’ average target price for Weatherford International was $7.4.
The mean target price, surveyed among the sell-side analysts, for McDermott International (MDR) is $8.5. Currently, McDermott International is trading at ~$7.6. It implies ~12% upside at its mean price. The mean target price, surveyed among the sell-side analysts, for Oceaneering International (OII) is ~$29.8. Currently, Oceaneering International is trading at $29.3. It implies nearly 2% potential returns at its average price.
To learn more about the OFS industry, read The Oilfield Equipment and Services Industry: A Primer.