Report
Preston Caldwell
EUR 850.00 For Business Accounts Only

Morningstar | Placing Weatherford Under Review Due to Abrupt Postponement of First-Quarter Earnings Release

We are placing Weatherford under review due to its abrupt postponement of its first quarter earnings release. The release had been originally scheduled for Wednesday, May 8, but the company announced Wednesday morning that it would be postponing the release until Friday, May 10. No reason was given for the decision, but Weatherford shares plummeted over 30% following the announcement. Given the uncertainty and lack of transparency, we feel it is appropriate to withhold our recommendation on the stock for now.
Underlying
Weatherford International Plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Preston Caldwell

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