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Weatherford’s Stock Price Forecast for the Next 7 Days

Alex Chamberlin
Weatherford’s Stock Price Forecast for the Next 7 Days

Weatherford International’s (WFT) implied volatility was 63.3% on April 24, the day its 1Q18 financial results were released. On February 2, the day Weatherford released its 4Q17 earnings, its implied volatility was 57%. Since then, Weatherford’s implied volatility has increased. WFT is 3.1% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment of the energy sector. XES remained unchanged since February 2, versus a 21% fall in WFT’s stock price. ...