We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Should Weatherford (WFT) Stock Be in Your Portfolio Now?
Read MoreHide Full Article
We issued an updated research report on Weatherford International plc on Sep 4, 2016. The company enjoys a leading position in the global oilfield services market. Moreover, OPEC’s deal to curb oil production amid oversupplied commodity market is a boon for major oilfield services players like Weatherford.
This is reflected in the company’s current Zacks Rank #2 (Buy), implying that the stock will outperform the broader U.S. equity market over the next one to three months.
Weatherford is counted among the top players in each of its product/service categories, and is present in most major hydrocarbon-producing regions of the world. The company enjoys robust relationships with both publicly traded and national oil companies worldwide.
We continue to believe that Weatherford's medium-term revenue growth will outpace peers, given its recovering margins and a growing presence in the relatively stable market of the Eastern Hemisphere. We also remain optimistic about the company’s performance in North America owing to its exposure to the prolific oil and gas shales and improved pricing across several product lines.
Moreover, the OPEC’s recent announcement to curb oil output is a boon for oilfield players like Weatherford. This initiative is of significant importance and if taken by all major oil producers in the world might lead a faster crude price recovery. Accordingly, Weatherford – like other oilfield services players like Schlumberger Limited (SLB - Free Report) and Halliburton Company (HAL - Free Report) – is likely to get more contracts from exploration and production companies for efficiently setting up oil and gas wells. Notably, Weatherford won as high as $1 billion contracts so far this year.
NGL Energy Partners’ expects a year-over-year increase of 554% in earnings for the current year.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Should Weatherford (WFT) Stock Be in Your Portfolio Now?
We issued an updated research report on Weatherford International plc on Sep 4, 2016. The company enjoys a leading position in the global oilfield services market. Moreover, OPEC’s deal to curb oil production amid oversupplied commodity market is a boon for major oilfield services players like Weatherford.
This is reflected in the company’s current Zacks Rank #2 (Buy), implying that the stock will outperform the broader U.S. equity market over the next one to three months.
Weatherford is counted among the top players in each of its product/service categories, and is present in most major hydrocarbon-producing regions of the world. The company enjoys robust relationships with both publicly traded and national oil companies worldwide.
We continue to believe that Weatherford's medium-term revenue growth will outpace peers, given its recovering margins and a growing presence in the relatively stable market of the Eastern Hemisphere. We also remain optimistic about the company’s performance in North America owing to its exposure to the prolific oil and gas shales and improved pricing across several product lines.
Moreover, the OPEC’s recent announcement to curb oil output is a boon for oilfield players like Weatherford. This initiative is of significant importance and if taken by all major oil producers in the world might lead a faster crude price recovery. Accordingly, Weatherford – like other oilfield services players like Schlumberger Limited (SLB - Free Report) and Halliburton Company (HAL - Free Report) – is likely to get more contracts from exploration and production companies for efficiently setting up oil and gas wells. Notably, Weatherford won as high as $1 billion contracts so far this year.
A Stock to Consider
Another player in the energy space that also warrants a look is NGL Energy Partners LP (NGL - Free Report) . The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NGL Energy Partners’ expects a year-over-year increase of 554% in earnings for the current year.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>