|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.32 - 15.71|
|52 Week Range||12.90 - 22.19|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Crude oil prices have more or less stabilized and energy stocks have strengthened, providing an opportunity in the oil industry and sector-related ETFs. “I continue to maintain conviction in certain higher-quality, ...
Weatherford International’s (WFT) management expects to improve profits by ~$1 billion in the next year and a half to two years. In the 3Q17 conference call, Mark A. McCollum, WFT’s CEO pointed out, “We’re pushing for transformational change with a target of $1 billion in profit improvements over the next 18 to 24 months. Read more about WFT in Market Realist’s Weatherford International: Valuation, Analyst Targets, and More.
The energy sector struggled for much of 2017, but and oilfield services took a big hit. Now however, as some analysts are wading back into some areas in the sector, Bernstein's Nicolas Green is cautious, especially on the European offshore oilfield services companies. Green and his team write that the only signal to buy the offshore stocks is an actual recovery in activity. Green writes that timing the inflection of offshore spending is the "golden ticket" to oilfield services investing, but waiting for it happen is a "poisoned chalice." So until there is an actual inflection, Green warns that the stocks won't be good bets.
US distillate inventories increased for the sixth time in the last seven weeks. The inventories rose ~11% in the last seven weeks.