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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Hold WFT
down 67.98 %

Weatherford International, Inc. (WFT) downgraded to Hold with price target $17 by Sterne Agee

Posted on: Thursday,  Oct 23, 2008  8:25 AM ET by Sterne Agee

Sterne Agee rated Hold Weatherford International, Inc. (NYSE: WFT) on 10/23/2008. Previously Sterne Agee rated Buy Weatherford International, Inc. (NYSE: WFT) on
05/21/2008., when the stock price was $45.27. Since then, Weatherford International, Inc. has lost 67.99% as of 10/23/2008's recent price of $14.49.
If you would have followed the previous Sterne Agee's recommendation on WFT, you would have lost 67.98% of your investment in 155 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).

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2008 8:25 AM Hold
None
14.49 17.00
as of 12/24/2008
1 Week up  18.03 %
1 Month up  36.22 %
3 Months up  53.69 %
1 YTD down  -38.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2008 8:25 AM Buy
None
45.27 49.00
4/21/2008 1:25 PM Buy
None
41.75 47.00
1/25/2008 11:25 AM Buy
None
31.30 37.50

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