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Weatherford International provides equipment and services used for drilling oil and natural gas.
1YR target 14
WFT 10.4 TP 14
Oil service stocks are headed lower.
One of several oil & oil services stocks being added. My analysis indicates oil underpriced by at least 20%, and niches within oil services sector to be undervalued by a bit more.Research shows strong indications that oil and oil services will not remain at these levels long-term. Mr. Market has overshot to the downside (probably due to short-term supply figures) and will most likely correct short or mid-term. I consider these strong plays with the primary risk being a macro setback. They will be able to buck a minor downtrend, an significant overall market decline will most likely drag them (grudgingly) along for the ride.In short: These picks are in my view not the highest profit plays, but they are (among the sectors I’ve evaluated recently) the most likely picks to rise twenty plus percent sometime in the next year. Being added today: CLB, HAL, NOV, BHI, WFT, FMC, FTI ,OII, SPN, CAM, DRLC, SLB. A few oil/oil svs. leveraged index picks may also be added.
Service provider to the oil industry, which has been struck down by the fallen oil price.
Its been tracking too low for too long. They have sold off non essential business units. They have to bounce up now!
can't dig without machinery.
Energy play....they will be bought out....
Cheap price for this company
As investors flee, insiders are buying. They know the reason why. Not so bad.
It is set to soar
green fracking??? WTF now all i need is a dividend!!!
Is this stock ever going to recover? The company seems to be making money - the highest quarter in its history - but I am sure not.
This company produces the oil drilling equipment that is needed in the new oil shelf plays in the Bakken.
This stock is hardly expensive, it performed very well last quarter, it has tremendous upside. It trades between 60-70% of its peak stock price.
As long as Obama is in office, oil will keep rising..
good growth stock.
Covestor Model Manager Mark Holder bought WFT in his Opportunistic Arbitrage Covestor Model ( http://covestor.com/Mark-Holder )
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