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Citi Sticks to Their Buy Rating for Weatherford International (WFRD)

Tipranks - Tipranks - Thu Jan 8, 5:20AM CST

Citi analyst Scott Gruber maintained a Buy rating on Weatherford International on January 5 and set a price target of $93.00. The company’s shares closed yesterday at $88.61.

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Gruber covers the Energy sector, focusing on stocks such as Baker Hughes Company, NOV, and Helmerich & Payne. According to TipRanks, Gruber has an average return of 12.3% and a 57.76% success rate on recommended stocks.

Weatherford International has an analyst consensus of Moderate Buy, with a price target consensus of $90.67, which is a 2.32% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $97.00 price target.

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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

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