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What Weatherford Management Expects after 1Q18

Alex Chamberlin
What Weatherford Management Expects after 1Q18

Weatherford International (WFT) released its financial results for 1Q18 on April 24. WFT’s stock price reacted positively, rising 6.6% yesterday to $2.76 from the previous day’s close and strongly outperforming the 1.4% fall in crude oil prices. Earnings exceeding estimates could have boosted WFT’s stock price yesterday. The VanEck Vectors Oil Services ETF (OIH) fell 0.8%. OIH tracks an index of 25 oilfield equipment and services companies.