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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Buy WFT
down 43.49 %

Weatherford International, Inc. (WFT) upgraded to Buy by Citigroup

Posted on: Tuesday,  Oct 21, 2008  8:25 AM ET by Citigroup

Citigroup rated Buy Weatherford International, Inc. (NYSE: WFT) on 10/21/2008, when the stock price was $16.44. Since
then, Weatherford International, Inc. has lost 43.49% as of 10/27/2015's recent price of $9.29.
If you would have followed this Citigroup's recommendation on WFT, you would have lost 43.49% of your investment in 2562 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).

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2008 8:25 AM Buy
None
16.44
as of 12/24/2008
1 Week up  18.03 %
1 Month up  36.22 %
3 Months up  57.42 %
1 YTD down  -59.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/1/2008 8:25 AM Hold
None
47.99 52.00

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