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Weatherford International Is Lagging the Industry

Alex Chamberlin
Weatherford International Is Lagging the Industry

Weatherford International’s (WFT) year-to-date returns were nearly -17.3% as of May 15. During this period, Weatherford International has underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%) and the VanEck Vectors Oil Services ETF (OIH) (up 9.2%). XOP tracks an index of companies in the US energy space, while OIH represents the OFS industry. Weatherford International has also underperformed the US rig count (up 12%) YTD.