NEW YORK (

TheStreet

) --

Weatherford International

(NYSE:

WFT

) hit a new 52-week low Friday as it is currently trading at $12.34, below its previous 52-week low of $12.50 with 1.8 million shares traded as of 10:11 a.m. ET. Average volume has been 12.9 million shares over the past 30 days.

Weatherford International has a market cap of $9.5 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 44.3% year to date as of the close of trading on Thursday.

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Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells to independent oil and natural gas producing companies worldwide. The company has a P/E ratio of 55.2, below the average energy industry P/E ratio of 74.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Weatherford International as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full

Weatherford International Ratings Report

.

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