Gabelli lowered shares of Weatherford International (OTCMKTS:WFTIF) from a buy rating to a sell rating in a report issued on Monday, Zacks.com reports.
Shares of WFTIF traded up $0.01 during trading hours on Monday, hitting $0.06. 8,234,650 shares of the stock were exchanged.
About Weatherford International
Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: Western Hemisphere and Eastern Hemispher. The company products and services are Drilling and Evaluation, Production, Completions, and Well Construction.
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