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Weatherford International (WFT) in Focus: Stock Moves 5.8% Higher

Zacks Equity Research
Updated

Weatherford International plc WFT  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.

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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 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

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Weatherford International PLC (WFT) : Free Stock Analysis Report
 
Dril-Quip, Inc. (DRQ) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research