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Weatherford International Earnings Preview For Tuesday

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Weatherford International Ltd.   (WFT) 

Background: Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.

Weatherford is anticipated to report good fourth-quarter earnings after the market closes on February 25, 2014.

The consensus estimate is currently 13 cents a share, an improvement of 12 cents (92.3%) from one cent during the same period last year. The lowest analyst estimate this report is five cents per share, and the highest is 28 cents per share.

Analyst opinion is mixed. Most of the analysts surveyed don't believe a buy or a sell should be made at this point. As I write this, Weatherford has 14 buy recommendations out of 30 analysts covering the company, 16 holds, and 0 recommend selling.

3 out of 30 analysts now rate Weatherford a strong buy down from 4 analysts a month ago. For a company analysts are mostly rating a hold, the stock really appreciated, gaining 15% in the last year, and the average analyst target price for Weatherford is $17.74.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.6% of the average trading float.

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Stock Tickers: WFT Author Disclosure: n/a