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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Hold WFT

Weatherford International, Inc. (WFT) rated Hold

Posted on: Monday,  Jul 9, 2007  9:25 AM ET by JP Morgan

Weatherford(WFT) Neutral
by JP Morgan.

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).

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2007 9:25 AM Hold
None
28.60
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 %

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