Weatherford International (OTCMKTS:WFTIF) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Weatherford International (OTCMKTS:WFTIF) from a sell rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “Weatherford International is one of the world’s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company’s products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services. “

Separately, Gabelli cut shares of Weatherford International from a buy rating to a sell rating in a research note on Monday, May 13th.

Shares of WFTIF stock opened at $0.05 on Friday. The firm has a market capitalization of $44.17 million, a price-to-earnings ratio of -0.08 and a beta of 2.88. Weatherford International has a one year low of $0.04 and a one year high of $3.63.

Weatherford International Company Profile

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: Western Hemisphere and Eastern Hemispher. The company products and services are Drilling and Evaluation, Production, Completions, and Well Construction.

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