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Weatherford International Plc (NYSE:WFT) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Weatherford International Plc (NYSE:WFT) to Neutral in a statement released on Wednesday June 21, 2017.

On 5/02/2017, Scotia Capital released a statement about Weatherford International Plc (NYSE:WFT) upped the target price from $0.00 to $6.00. At the time, this suggested an upside of 0.19%.

Showing a price of $4.10, Weatherford International Plc (NYSE:WFT) traded 1.49% higher on the day. With the last stock price close down -9.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $4.09 and a 200-day moving average of $4.91. 24,879,097 shares of WFT traded hands, up from an average trading volume of 18,491,100

Recent Performance Chart

Weatherford International Plc (NYSE:WFT)

Weatherford International Plc has one year low of $3.39 and a one year high of $7.09 and has a total market value of $0.

A total of 32 analysts have released a report on Weatherford International Plc. Eight analysts rating the company a strong buy, eighteen analysts rating the company a buy, seven analysts rating the company a hold, four firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $7.92.

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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