Weatherford International Ltd fka WFTQ

[OilStockReport]

WFT, most own energy stock!

Weatherford International Ltd. (WFT): WFT is an oil services company out of Geneva. Shares are trading at $20.86 at the time of writing, down 3.60% on the day and in the middle of their 52-week trading range of $14.65 to $26.25. At the current market price, the company is capitalized at $15.66 billion. Earnings per share for the last fiscal year were $0.23, placing the shares on a PE ratio of 90.44. It did not pay a dividend.

These earnings are expected to rise through the next couple of years, hitting $0.86 this year, and then rising to $1.64 the following year as costs due to severance of some Canadian concerns dissipate. Revenue during this time is also forecast to increase from $11.36 billion to around $15.031billion.

Weatherfield is ideally placed to benefit from increased oil and gas exploration projects, and though the historic PE of 90.44 is very high, when looking forward at its expected increasing earnings, the PE comes down to 12.7. Market analysts have spotted this, and predict the shares will rise to as high as $45 in twelve months. Such a share price, with earnings hitting estimates would give a PE ratio of 52.3. The shares look good value for further progress throughout 2011.