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Enter Symbol:
 
Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Overweight
WFT
down 71.11 %

Weatherford International, Inc. (WFT) rated Overweight with price target $60.50 by Lehman Brothers

Posted on: Thursday,  May 29, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Weatherford International, Inc. (NYSE: WFT) on 05/29/2008. Previously Lehman Brothers rated Buy Weatherford International, Inc. (NYSE: WFT) on
10/24/2007., when the stock price was $32.16. Since then, Weatherford International, Inc. has lost 71.11% as of 10/27/2015's recent price of $9.29.
If you would have followed the previous Lehman Brothers's recommendation on WFT, you would have lost 71.11% of your investment in 2925 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).

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2008 8:25 AM Buy
None
45.48 60.50
as of 12/24/2008
1 Week up  18.03 %
1 Month up  36.22 %
3 Months up  60.46 %
1 YTD down  -50.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2008 8:25 AM Buy
None
45.20 60.50
4/22/2008 8:25 AM Buy
None
42.06 49.00
10/24/2007 9:25 AM Buy
None
32.16 45.00

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