NEW YORK (TheStreet) -- Shares of Weatherford International (WFT) closed down 0.84% to $11.82 after Jefferies lowered its price target to $13 and maintained its "hold" rating on the oilfield services company.
The research firm's target investment thesis is based on "NAM revenues down 14% year-over-year in 2015, while margins fall 150 bps and the U.S. land rig count falls about 15% year-over-year," analysts said.
Additionally, they see "international revenues fall 11% in 2015 while margins improve 180 bps ... with 2015 EBITDA of $2.7 billion."
Shares of Weatherford traded with heavy volume today with about 15.34 million shares changing hands by 4:18 p.m. in New York, compared to the average of 12.13 million shares.
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."