Weatherford International Rises On Unusually High Volume (WFT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Weatherford International (NYSE: WFT) is trading at unusually high volume Monday with 17.1 million shares changing hands. It is currently at two times its average daily volume and trading up 42 cents (+3.5%) at $12.46 as of 3:35 p.m. ET.

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Weatherford International has a market cap of $9.3 billion and is part of the basic materials sector and energy industry. Shares are up 7.6% year to date as of the close of trading on Friday.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Weatherford International Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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