Story updated at 9:55 a.m. to reflect market activity.
Shares of Weatherford were gaining 0.3% to $12.71 in morning trading.
The analyst firm lowered its 2015 EPS estimates for the oil and gas service company to $1.35 a share from its previous estimates of $1.58 a share. Credit Suisse also lowered its 2016 EPS estimates to $1.73 a share from $1.97 a share.
"The market is still smarting over what it sees as a misleading presentation at a September investor conference when management reiterated its planned $500mm in free cash flow for the year and then noted falling well short of that on the Q3 call," Credit Suisse analysts wrote.
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Separately, TheStreet Ratings team rates WEATHERFORD INTL PLC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate WEATHERFORD INTL PLC (WFT) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins."