The Vetr crowd on Thursday downgraded their rating for Weatherford International Plc (NYSE:WFT) from 5 stars (Strong Buy), issued two days ago, to 4 stars (Buy). At the time of the downgrade, crowd sentiment for Weatherford was edging positive, with 66 percent of Vetr user ratings bullish.
The sentiment on Weatherford turned extremely bullish early in March with the announcement the company was bringing on Halliburton Company (NYSE:HAL) CFO Mark McCollum to serve as manager and CEO. Following the news, Weatherford spiked over 12 percent to a nine-month high of $6.63 before settling back below $6.50.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Along with the price action, Weatherford also received a pair of upgrades from Capital One and Clarksons Platou, the former putting it at Overweight while the latter set the stock at Neutral.
Learn how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for Weatherford is up at $7.02, which is a little below the average analyst target price of $7.61. Less than 2 percent of Vetr users are holding WFT in their watch lists.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.