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Seaport Global Securities announced Weatherford (TSE:WFT), dropping its stock price target to $4.00 today

Just yesterday Weatherford (TSE:WFT) traded -0.22% lower at $4.10. Weatherford’s 50-day moving average is $64.88 and its 200-day moving average is $60.63. The last closing price is down 11.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,280,037 shares of WFT traded hands, up from an average trading volume of 267,268

In a report released on 06/21/2017 Seaport Global Securities reduced the stock price target of Weatherford (TSE:WFT) from $7.00 to $4.00 reporting a possible downside of -0.02%.

Previously on 04/26/2017, RBC Capital Markets reported on Weatherford (TSE:WFT) reduced the target price from $55.00 to $53.00. At the time, this indicated a possible downside of -0.11%.

Recent Performance Chart

Weatherford (TSE:WFT)

Weatherford has 52 week low of $38.18 and a 52 week high of $69.66 with a PE ratio of 11.67 and has a market capitalization of $0.

A total of 6 analysts have released a research note on Weatherford. One analyst rating the company a strong buy, three analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $40.40.

More About Weatherford (TSE:WFT)

West Fraser Timber Co. Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy. The Company's segments include Lumber, Panels, Pulp & Paper, and Corporate & Other. It offers engineered wood products. The Company holds rights to timber resources that for supplying the fiber required by its Canadian operations and have agreements for the supply of fiber required by its United States operations. It carries on its operations through subsidiaries and joint operations in British Columbia, Alberta and the southern United States. Its operations located in western Canada manufacture all of the products except SYP lumber. Its sawmills located in the southern United States produce SYP lumber and wood chips.

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