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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Outperform
WFT
down 34.01 %

Weatherford International, Inc. (WFT) rated Outperform with price target $17 by FBR Capital Markets

Posted on: Tuesday,  Apr 21, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Outperform Weatherford International, Inc. (NYSE: WFT) on 04/21/2009, when the stock price was $14.08.
Since then, Weatherford International, Inc. has lost 34.02% as of 10/27/2015's recent price of $9.29.
If you would have followed this FBR Capital Markets's recommendation on WFT, you would have lost 34.01% of your investment in 2380 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).

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2009 8:25 AM Buy
None
14.08 17.00
as of 12/31/2009
1 Week up  26.06 %
1 Month up  34.37 %
3 Months up  8.24 %
1 YTD up  59.37 %

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