Boston, MA 04/10/2014 (wallstreetpr) – Weatherford International Ltd (NYSE:WFT) has continued to be in the same position. The company always had a “neutral” rating on its stock, which was reiterated on Friday. The company again got a “neutral” rating on its shares as was revealed on Friday.
Price targets upgraded
With the recap of same rating for the company on Friday, a lot of analysts have refreshed their forecasts on the stock prices. All of them made an up gradation on the price targets on their targets. Some have made a forecast of $18 price target on the Weatherford’s stocks, while others have raised it to $22. No matter what, the consistency in its rating is a reflection of the stable performance of the company.
Owing to the company’s stability in maintaining its apex position in the oilfield services market globally, the shareholders and investors are being optimistic about its share prices. The company has been performing exceptionally well in the Eastern part of the globe, along with its wide and technologically-oriented product offerings.
Mixed feelings for the company’s future
Due to a number of positive factors, Weatherford International Ltd (NYSE:WFT) has been anticipated to be in an advantageous position in this year. However, its stressed out balance sheet, with debt in its heavier side, is a major setback for the company’s future. Whether the company will be able to overcome its impediments and progress substantially, is a concern for the company as well as its shareholders. A known name for providing quality products and services used in drilling, production, evaluation and completion of oil and natural gas wells, the company will probably not depress its customers and shareholders.
With its “neutral” rating being restated once again on Friday, the shares of Weatherford International Ltd (NYSE:WFT) rose by 0.88%. The shares have hit almost the 52-week high, following the rating. Prior to the release of the rating, Weatherford International had announced its financial earning facts and figures in the last week of February.