Weatherford International (WFRD) Receives a Buy from Piper Sandler
In a report released today, Derek Podhaizer from Piper Sandler maintained a Buy rating on Weatherford International, with a price target of $95.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Podhaizer is a 4-star analyst with an average return of 12.5% and a 66.14% success rate. Podhaizer covers the Energy sector, focusing on stocks such as Halliburton, Precision Drilling, and Patterson-UTI.
In addition to Piper Sandler, Weatherford International also received a Buy from Bank of America Securities’s Saurabh Pant in a report issued on January 12. However, today, Goldman Sachs maintained 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:
Disclaimer & DisclosureReport an Issue
- Weatherford price target raised to $83 from $73 at Goldman Sachs
- Venezuela’s PDVSA starts reversing oil production cuts, Reuters reports
- Weatherford price target raised to $98 from $82 at BofA
- DOE releases details on U.S. marketing of Venezuelan crude oil
- Weatherford says Venezuela ‘interesting development,’ Bloomberg reports
