Weatherford International plc (WFRD): A Top Pick Among the Best Oilfield Services Stocks [Yahoo! Finance]
Weatherford International plc - Ordinary shares (WFRD)
Company Research
Source: Yahoo! Finance
International plc (NASDAQ:WFRD) stands against the other oilfield services stocks. Brent crude oil prices have dropped below $80 per barrel from more than $90/bbl in April because of reduced demand for oil, growing worldwide stockpiles, and a decrease in geopolitical risks. In the first half of the year, prices were extremely volatile owing to rising geopolitical tensions, reductions in production by OPEC+ members, and indications of strengthening worldwide industrial production. Global oil demand is decelerating, mirroring difficulties in the worldwide economic landscape, especially the reduction in China's economic expansion. Amid the deceleration, oil prices finding support above the $70 barrel should be a boon for the oilfield service sector, which is highly dependent on oil and gas prices. The oilfield and service sector is made up of companies that offer assistance to companies involved in the exploration and production of oil and gas. Consequently, the best oilfield servi
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News
- Weatherford Announces Fourth-Quarter and Full-Year 2024 Conference CallGlobeNewswire
- Are Investors Undervaluing Weatherford International plc (NASDAQ:WFRD) By 20%? [Yahoo! Finance]Yahoo! Finance
- Weatherford International plc (NASDAQ: WFRD) had its price target lowered by analysts at Citigroup Inc. from $130.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
- Weatherford Secures Three-Year Contract with ADNOCGlobeNewswire
- Weatherford Announces Contract Awards with Kuwait Oil Company and NOC in QatarGlobeNewswire