BMO Capital Thinks Weatherford’s Stock is Going to Recover

By Austin Angelo

In a report issued on October 11, Daniel Boyd from BMO Capital reiterated a Buy rating on Weatherford (NYSE: WFT), with a price target of $5.50. The company’s shares closed yesterday at $3.99, close to its 52-week low of $3.39.

According to, Boyd is a 2-star analyst with an average return of 0.8% and a 52.2% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

Currently, the analyst consensus on Weatherford is Moderate Buy and the average price target is $5.79, representing a 45.1% upside.

In a report issued on October 6, Cowen & Co. also reiterated a Buy rating on the stock with a $7.50 price target.

The company has a one-year high of $7.09 and a one-year low of $3.39. Currently, Weatherford has an average volume of 16.25M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates its business through the following business groups: Formation Evaluation & Well Construction, Completion & Production and Land Drilling Rigs.