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Stock Market & Financial Investment News

News Breaks
January 15, 2013
08:10 EDTWFTWeatherford named a Top Pick for 2013 at Macquarie
Macquarie named Weatherford a Top Pick for 2013 given its under-appreciated earnings power and margin tailwinds from Artificial lift, drilling, construction, and formation evaluation. Shares are Outperform rated with a $17 price target.
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May 26, 2015
09:58 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:15 EDTWFT, WFTWeatherford downgraded to Underperform from Outperform at CLSA
CLSA downgraded Weatherford to Underperform from Outperform despite raising its price target to $15 from $12. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 19, 2015
07:31 EDTWFTUBS to hold a conference
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