Analyzing Weatherford International's Fiscal 1Q16 Earnings
Wall Street analysts’ forecast for Weatherford International
In this part, we’ll look at Wall Street analysts’ forecast for Weatherford International’s (WFT) shares following its fiscal 1Q16 earnings release.
Consensus rating for Weatherford International
Approximately 69% of the analysts tracking Weatherford International rate it a “buy” or some equivalent. Approximately 26% rate the company a “hold” or some equivalent. Only 5% of the analysts recommended a “sell.” Weatherford International accounts for 3.9% of the iShares US Oil Equipment & Services (IEZ).
In comparison, ~68% of the analysts tracking Superior Energy Services (SPN) rate it a “buy” or some equivalent. Approximately 32% rated it a “hold.” No analysts rate it a “sell.”
Analysts’ recommendations
When it comes to individual recommendations, Guggenheim Securities gave Weatherford International a target price of $13—one of its highest target prices following its fiscal 1Q16 earnings release. Currently, Weatherford International trades near $7.3. This implies an ~79% return for the next 12 months. Robert Baird gave Weatherford International a one-year target price of $7—one of its lowest target prices. This implies a -3% return over the next year.
Among the global investment banks, Piper Jaffray gave Weatherford International a one-year target price of $7.18. This implies an approximately -1% return at its current price over the next 12 months.
Analysts’ target prices
Following its fiscal 1Q16 financial results, the highest target price for Weatherford International is $13. The lowest target price is $7. The median target price, surveyed among the sell-side analysts, for Weatherford International is $9.16. Currently, Weatherford International is trading at ~$7.3. This implies ~26% upside at its median price.
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