|Bid||4.34 x 48800|
|Ask||4.35 x 19100|
|Day's Range||4.26 - 4.41|
|52 Week Range||3.08 - 7.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.36|
The company continues to write down some investments and restructure the business, and that's eating into profits.
Insufficient investment, payment delays to suppliers, and the sanctions imposed by the administration of U.S. President Donald Trump have hammered Venezuela's oil industry and saw crude oil production fall 13 percent in 2017. On Friday, Schlumberger (:SLB - News) disclosed a $938 million write-down on its Venezuelan assets and receivables, citing political and economic woes affecting the country.
Weatherford International’s (WFT) management expects to improve profits by ~$1 billion in the next year and a half to two years. In the 3Q17 conference call, Mark A. McCollum, WFT’s CEO pointed out, “We’re pushing for transformational change with a target of $1 billion in profit improvements over the next 18 to 24 months. Read more about WFT in Market Realist’s Weatherford International: Valuation, Analyst Targets, and More.
Investors in Weatherford (WFT) need to pay close attention to the stock based on moves in the options market lately.
NEW YORK, NY / ACCESSWIRE / January 17, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive ...
In this part, we’ll discuss Wall Street analysts’ recommendations for Schlumberger (SLB) before its 4Q17 earnings release. According to data compiled by Reuters, on January 2, 2018, 73% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. From October 2, 2017, to January 2, 2018, the percentage of analysts recommending a “buy” or some equivalent for Schlumberger remained unchanged at 73%.
Short interest in Schlumberger (SLB) as a percentage of its float has increased to 1.7% on December 29, 2017, compared to 1.5% on September 29, 2017.
As of January 2, 2018, three of four analysts covering Northern Oil and Gas (NOG) had "hold" recommendations, while one analyst had a "sell" recommendation.
In the week starting January 1, 2018, Weatherford International (WFT) is the top declining stock from the oilfield services sector
On December 26, 2017, 78% of the Wall Street analysts tracking Weatherford International rated it a “buy” or some equivalent.
The correlation coefficient between crude oil and Weatherford International (WFT) stock from December 26, 2016, to December 26, 2017, was 0.37.
On December 26, 2017, Weatherford International’s (WFT) IV (implied volatility) was ~54%. IV signals a stock’s potential price movement as viewed by option traders.
As of December 26, 2017, short interest in Weatherford International (WFT) as a percentage of float was 17.2% compared to 12.6% as of September 29, 2017.