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Weatherford International (WFT) in Focus: Stock Moves 5.8% Higher
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Weatherford International plc was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 17.2% in last one year time frame.
The shares rose after the company reported better than expected results.
Weatherford International has seen no positive estimate revisions versus five negative estimate revision over the past two months.The Zacks Consensus Estimate for the current quarter has also revised downward in the past 60 days, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Weatherford Internationalcurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Is WFT going up? Or down? Predict to see what others think: Up or Down
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Weatherford International (WFT) in Focus: Stock Moves 5.8% Higher
Weatherford International plc was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 17.2% in last one year time frame.
The shares rose after the company reported better than expected results.
Weatherford International has seen no positive estimate revisions versus five negative estimate revision over the past two months.The Zacks Consensus Estimate for the current quarter has also revised downward in the past 60 days, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Weatherford Internationalcurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Weatherford International PLC Price and Consensus
Weatherford International PLC Price and Consensus | Weatherford International PLC Quote
Another stock in the Oil and Gas - Mechanical and and Equitmentindustryis Dril-Quip, Inc. (DRQ - Free Report) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is WFT going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>