Benchmark Co. Sticks to Its Buy Rating for Weatherford International (WFRD)

Benchmark Co. analyst Kurt Hallead maintained a Buy rating on Weatherford International (WFRD – Research Report) today and set a price target of $155.00. The company’s shares closed yesterday at $118.09.

According to TipRanks, Hallead is a 3-star analyst with an average return of 2.7% and a 39.01% success rate. Hallead covers the Energy sector, focusing on stocks such as Baker Hughes Company, Schlumberger, and Weatherford International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Weatherford International with a $151.25 average price target, implying a 28.08% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $135.00 price target.

The company has a one-year high of $127.45 and a one-year low of $55.81. Currently, Weatherford International has an average volume of 847.1K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WFRD in relation to earlier this year.

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Weatherford International (WFRD) Company Description:

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: Western Hemisphere and Eastern Hemispher. The company products and services are Drilling and Evaluation, Production, Completions, and Well Construction. Weatherford International was founded in 1941 and is headquartered in Baar, Switzerland.