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Barclays PLC upgraded Weatherford International Plc (NYSE:WFT) to Overweight in a report released today.

Just yesterday Weatherford International Plc (NYSE:WFT) traded 0.00% even at $4.10. WFT’s 50-day average is $4.09 and its two hundred day average is $4.90. With the last stock price down -9.81% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. Volume of trade was up over the average, with 18,093,572 shares of WFT changing hands over the typical 17,988,900

Barclays PLC has upgraded Weatherford International Plc (NYSE:WFT) to Overweight in a report released on 6/21/2017.

Previously on Tuesday May 02, 2017, Scotia Capital reported on Weatherford International Plc (NYSE:WFT) increased the target price from $0.00 to $6.00. At the time, this indicated a possible upside of 0.19%.

See Chart Below

Weatherford International Plc (NYSE:WFT)

Weatherford International Plc has a 52 week low of $3.39 and a 52 week high of $7.09 The company’s market cap is currently $0.

In addition to Barclays PLC reporting its target price, a total of 32 firms have reported on the stock. The consensus target price is $7.92 with 8 firms rating the stock a strong buy, 18 firms rating the stock a buy, 7 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Weatherford International Plc (NYSE:WFT)

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs. The Formation Evaluation and Well Construction business group provides managed-pressure drilling, drilling services, tubular running services, drilling tools and rental equipment, wireline services, testing and production services, re-entry and fishing services, cementing products, liner systems, reservoir solutions, and surface logging systems. The Completion and Production business group offers artificial lift systems, and stimulation and completion systems. The Land Drilling Rigs business group provides onshore contract drilling services and related operations, as well as operates a fleet of land drilling and workover rigs. Weatherford International public limited company was founded in 1972 and is headquartered in Baar, Switzerland.

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