Barclays Remains a Buy on Weatherford International (WFRD)
Barclays analyst David Anderson maintained a Buy rating on Weatherford International today and set a price target of $111.00.
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Anderson covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and NOV. According to TipRanks, Anderson has an average return of 2.2% and a 50.11% success rate on recommended stocks.
In addition to Barclays, Weatherford International also received a Buy from Citi’s Scott Gruber in a report issued on December 11. However, on December 5, UBS initiated coverage with a Hold rating on Weatherford International (NASDAQ: WFRD).
Based on Weatherford International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.23 billion and a net profit of $81 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $157 million
Read More on WFRD:
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- Weatherford, Eclipse Energy announces partnership, capital investment
- Weatherford price target raised to $93 from $77 at Citi
- Weatherford initiated with a Neutral at UBS
- Balanced Outlook on Weatherford International: Strong Prospects with Limited Upside Potential
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