Simmons Upgrades Weatherford International (WFT) to Overweight
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Jefferies Cuts Price Target on Weatherford (WFT) to $8; Reiterates Buy
June 6, 2016 6:55 AM EDTJefferies maintained a Buy rating on Weatherford International (NYSE: WFT), and cut the price target to $8.00 (from $9.00) on exchangeable note dilution. Jefferies assumed the exchangeable notes go towards repaying the company's existing debt, and assume the exchange for shares occurs a year from now.... More
Weatherford's (WFT) Buy Rating Reiterated at Deutsche Bank
June 2, 2016 3:42 PM EDTDeutsche Bank earlier reiterated a Buy rating on Weatherford International (NYSE: WFT) with a price target of $8. Comments follow the company's debt refinancing.
Analyst Mike Urban said, "WFT completed an overnight offering of $1.1B in exchangeable senior notes and a simultaneous... More
Today's Two Stealth Growth Ideas 06/02
June 2, 2016 2:39 PM EDTIn today's issue of Stealth Growth Insider we've highlighted one turnaround play and one momentum name.
Weatherford (NYSE: WFT) - Debt refinancing ensures the company's viability for at least two years offering the opportunity to cash in as oil... More
Weatherford (WFT) Debt Refinancing Removes Overhang and Should Increase Multiple - Nomura
June 2, 2016 7:12 AM EDTNomura analyst, Matthew Johnston, believes liquidity concerns swirling around Weatherford International (NYSE: WFT) have intensified over the last month. A weak free cash flow performance in 1Q exacerbated doubts with respect to inventory draw down, free cash flow targets, and, ultimately, WFTs ability... More
Weatherford (WFT) Prices Larger Aggregate $1.1B Exchangeable Senior Notes Offering
June 2, 2016 6:58 AM EDTWeatherford International plc (NYSE: WFT) announced the pricing of an upsized underwritten public offering (the "Offering") of $1.1 billion aggregate principal amount of exchangeable senior notes due 2021 (the "Notes") by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company ("Weatherford Bermuda"). The underwriters have an option for 30 days to purchase up to an additional $165 million aggregate principal amount of Notes. The Notes will pay interest at a rate of 5.875% per year and were priced at par. The Offering is expected to close June 7, 2016, subject to customary closing... More
