uploads///Energy MWU_ OFS Losses

Weatherford: This Week’s Weakest Oilfield Service Stock


Jun. 15 2018, Updated 9:32 a.m. ET

Oilfield service losers

Previously, we discussed this week’s top gainers in the US oilfield service sector. In this part, we’ll look at the stocks that have lost the most. We’ll focus on oilfield service companies with a market capitalization greater than $100 million and an average volume greater than 100,000 shares.

Article continues below advertisement

Weatherford International

This week, Weatherford International (WFT) has fallen the most in the oilfield service sector, by 3.3% from $3.64 to $3.52. On May 7, Weatherford announced a memorandum of understanding with Valiant Artificial Lift Solutions to jointly commercialize electrical submersible pumps.

After falling more than 50% earlier this year, WFT started climbing on April 5 and has risen ~70% since then. Currently, WFT is trading above its 50-day and 200-day moving averages of $3.10 and $3.43, respectively.

In the list of weakest oilfield service stocks this week, Weatherford International is followed by Core Laboratories (CLB), Oil States International (OIS), Schlumberger (SLB), and Baker Hughes (BHGE), which have fallen ~2.2%, ~2.2%, ~2.1%, and ~1.8%, respectively. Meanwhile, the SPDR S&P Oil & Gas Equipment & Services ETF (XES) has risen ~1.4% this week.


More From Market Realist

  • People at a gas station
    Energy & Utilities
    Best Gas Stocks to Buy After the Colonial Pipeline Attack
  • Recon Africa employees
    Energy & Utilities
    Is Recon Africa a Multi Bagger Stock You Should Buy?
  • Dr. Donald Sadoway (second from left) pictured with Paula S. Aspell, David Pogue, and Chris Schmidt
    Energy & Utilities
    Ambri Expands in the Liquid Metal Battery Space, Still Privately Held
  • Valero gas station
    Energy & Utilities
    Valero Energy’s Prospects in 2021, Rebound in Energy and Gas
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.