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Weatherford Int'l (WFT) lower on Q1 earnings miss |
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| Apr 20, 2009 05:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Major movement, Earnings reports, Bad news, Options, Technical Analysis, Oil  Weatherford International (NYSE: WFT - option chain) stock is lower today after the company reported a first-quarter profit of $164.80 million, or 23 cents per share. Excluding one-time items, WFT earned 27 cents per share, missing analysts' projections of 29 cents per share. Also helping to keep WFT in the red are crude oil prices that are down more than 7%, now well below $50. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on WFT.This morning, WFT opened at $13.69. So far today the stock has hit a low of $13.43 and a high of $14.24. As of 11:40, WFT is trading at $14.10, down 65 cents (-4.4%). The chart for WFT looks bullish and S&P gives WFT a positive 4 STARS (out of 5) buy ranking. Continue reading Weatherford Int'l (WFT) lower on Q1 earnings miss Weatherford Int'l (WFT) lower on Q1 earnings miss originally appeared on BloggingStocks on Mon, 20 Apr 2009 12:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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