Weatherford worldwide Ltd. (WFT) Fell To A 3-Week Low On Offering News

The company has a market cap of $91,829 million and the number of outstanding shares have been calculated to be 1,265,383,000 shares. In the near term, the target price could hit a high of $125 and a low of $ 80. The stock surged by close to 10 percent on the back of 3 times the average daily volumes which is considered to be a bullish sign. Following the transaction, the director now directly owns 252,354 shares of the company’s stock, valued at approximately $2,521,016.46.

Weatherford worldwide Plc (NYSE:WFT) last released its quarterly earnings results on Thursday, July 23rd. The stock was sold at an average price of $9.84, for a total value of $196,800.00. Its market capitalization is $90.35 billion with the P/E ratio of 24.72. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Credit Agricole downgraded Weatherford global Plc from an “outperform” rating to an “underperform” rating in a research report on Tuesday, May 26th. On Tuesday, Weatherford’s shares began to ascend, reaching $9.18, an improvement of nearly 9 percent from the previous day’s closing. The stock’s low point in its 52 week range is $11.26 per share, with $34.14 as the 52 week high point – that compares with a last trade of $14.47. Weatherford worldwide plc (NYSE:WFT) has underperformed the index by 21.61% in the last 4 weeks.

SandRidge Energy Inc. (NYSE:SD) opened last trading session at $040 and the stock hit $0.37 intra-day low level.

Weatherford and other oil companies are seeking ways to raise capital due to falling oil prices, which are down 2% today.

United States Steel Corporation (NYSE:X)’s shares declined 1.93% to $12.97.

Weatherford worldwide Ltd. (NYSE:WFT) is a provider of equipment and services used in the drilling, assessment, completion, production and intervention of petroleum and natural gas wells. The Organization manages four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia. It operates in over 100 nations and also have sales and manufacturing facilities, service and distribution places in about all the oil and natural gas producing areas on earth. The Company runs in artificial lift systems ten service lines; stimulation and chemicals; drilling services; well building; incorporated drilling; finish systems; drilling tools; evaluation and wireline services; reentry and fishing and pipeline and specialty services. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.