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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Hold WFT
up 23.00 %

Weatherford International, Inc. (WFT) upgraded to Hold by Societe Generale

Posted on: Wednesday,  Nov 14, 2012  8:25 AM ET by Societe Generale

Societe Generale rated Hold Weatherford International, Inc. (NYSE: WFT) on 11/14/2012. Previously Societe Generale rated Sell Weatherford International, Inc. (NYSE: WFT) on
07/26/2012., when the stock price was $11.39. Since then, Weatherford International, Inc. has lost 18.70% as of 11/14/2012's recent price of $9.26.
If you would have followed the previous Societe Generale's recommendation on WFT, you would have gained 23% of your investment in 111 days.

Weatherford International Ltd . is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates in approximately 100 countries, which are located in nearly all of the oil and natural gas producing regions in the world. Its geographic reporting segments include North America, Latin America, Europe/West Africa/the Commonwealth of Independent States (CIS) and Middle East/North Africa/Asia. The Company?s product offerings are grouped into 10 service lines: artificial lift systems; drilling services; well construction; drilling tools; completion systems; wireline and evaluation services; re-entry and fishing; stimulation and chemicals; integrated drilling, and pipeline and specialty services. In August 2008, the Company acquired International Logging, Inc. (ILI). In January 2008, it sold its electrical submersible pumps (ESP) product line to Premier Business Solutions (PBS).

Societe Generale
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/14/2012 8:25 AM Hold
None
9.26
as of 12/31/2012
1 Week   
1 Month   
3 Months up  26.97 %
1 YTD up  18.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/26/2012 8:27 AM Sell
None
11.39

(*) Stock Price at the time of the recommendation.
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