Weatherford International Ltd. - Value Alert
Texas (August 23, 2013) Wax Ink has issued a No Investment Interest opinion for Weatherford International Ltd. (NYSE: WFT) based on a recent baseline equity review which placed fair value between $23-$27.
The recent close of $14.74 is approximately 6% above the fair value buy target for the stock and approximately 48% below the fair value close target for the stock. The recent close is also 8% below analysts’ twelve-month $16.00 median price target for the stock.
The recent close represents a 28% increase in the year over year price of the stock, while for the same period sales increased 17%, and earnings decreased 3%.
The stock currently has a trailing twelve-month PE Ratio of 8, and a PEG Ratio of 0.6 basis estimated forward earnings growth of 13%.
In the past 52 weeks, share prices have moved between a high of $15.08 and a low of $8.84, placing equilibrium at $13.37.
Basis the recent close, the stock is trading 2% below the 52 week high, 40% above the 52 week low, and 9% above equilibrium. The three-month average daily trading volume is approximately 6.3 million shares.
Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company's listed competitors include Baker Hughes Incorporated, Halliburton Company, and Schlumberger Limited.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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