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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Buy WFT
down 59.25 %

Weatherford International, Inc. (WFT) rated Buy with price target $37 by Gabelli & Co

Posted on: Friday,  Sep 12, 2014  11:25 AM ET by Gabelli & Co

Gabelli & Co rated Buy Weatherford International, Inc. (NYSE: WFT) on 09/12/2014, when the stock price was $22.80.
Since then, Weatherford International, Inc. has lost 59.25% as of 10/27/2015's recent price of $9.29.
If you would have followed this Gabelli & Co's recommendation on WFT, you would have lost 59.25% of your investment in 410 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).

Gabelli & Co is a well-known diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Management Inc, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. The company's asset management businesses are supported by Gabelli & Company, Inc., an institutional broker/dealer. Gabelli & Company, Inc. distributes the mutual funds managed by Gabelli Funds and publishes investment research which is one of the key elements of GAMCO Investors, Inc.'s success. In addition through its subsidiary Gabelli Securities, Inc., the Company serves as general partner or investment manager in a number of limited partnerships with varying investment objectives.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2014 11:25 AM Buy
None
22.80 37.00
as of 10/17/2014
1 Week down  -6.82 %
1 Month down  -26.43 %
3 Months down  -28.11 %
1 YTD down  -28.11 %

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