Global Hunter Securities Starts Weatherford International (WFT) at Neutral; Taunting You a Second Time?
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Price: $0.37 --0%
Rating Summary:
17 Buy, 19 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 19 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities initiates coverage on Weatherford International (NYSE: WFT) with a Neutral. PT $17.00.
Global analyst says, "Our conclusion on WFT is relatively straightforward. There are many aspects of the company that we find quite appealing such as artificial lift, its Russian stimulation/production optimization business and a growing presence in the revived Iraqi oilfield. However, a host of unresolved issues, which include dislocations in the MENA geomarket, uneven quarterly execution, modest relative offshore exposure and a lingering FCPA probe, make it difficult for us to get excited about the stock right here."
For more ratings news on Weatherford International click here and for the rating history of Weatherford International click here.
Shares of Weatherford International closed at $15.91 yesterday.
Global analyst says, "Our conclusion on WFT is relatively straightforward. There are many aspects of the company that we find quite appealing such as artificial lift, its Russian stimulation/production optimization business and a growing presence in the revived Iraqi oilfield. However, a host of unresolved issues, which include dislocations in the MENA geomarket, uneven quarterly execution, modest relative offshore exposure and a lingering FCPA probe, make it difficult for us to get excited about the stock right here."
For more ratings news on Weatherford International click here and for the rating history of Weatherford International click here.
Shares of Weatherford International closed at $15.91 yesterday.
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