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Weatherford (TSE:WFT) target price reduced to $6.00, issued a research note today by Barclays

In a statement issued on 6/21/2017 Barclays dropped the stock price target of Weatherford (TSE:WFT) from $7.00 to $6.00 stating a potential upside of 0.46%.

On Wednesday April 26, 2017, RBC Capital Markets released a statement on Weatherford (TSE:WFT) bumped down the target price from $55.00 to $53.00 that suggested a downside of -0.11%.

Boasting a price of $4.10, Weatherford (TSE:WFT) traded -0.22% lower on the day. With the last close down 11.52% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Weatherford has recorded a 50-day average of $64.88 and a two hundred day average of $60.63. Volume of trade was up over the average, with 1,280,037 shares of WFT changing hands over the typical 267,268

Performance Chart

Weatherford (TSE:WFT)

With a total market value of $0, Weatherford has price-earnings ratio of 11.67 with a one year low of $38.18 and a one year high of $69.66 .

A total of 6 analysts have released a research note on WFT. 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 one year 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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