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Wall Street’s Call on Weatherford International

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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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