Weatherford International Stock Hits New 52-Week High (WFT)
Weatherford International (NYSE:WFT) hit a new 52-week high Thursday as it is currently trading at $14.12, above its previous 52-week high of $14.04 with 12.7 million shares traded as of 1:56 p.m. ET. Average volume has been 9.1 million shares over the past 30 days.
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) hit a new 52-week high Thursday as it is currently trading at $14.12, above its previous 52-week high of $14.04 with 12.7 million shares traded as of 1:56 p.m. ET. Average volume has been 9.1 million shares over the past 30 days. Weatherford International has a market cap of $10.31 billion and is part of the basic materials sector and energy industry. Shares are up 20.2% year to date as of the close of trading on Wednesday. Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full Weatherford International Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.