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Monday, April 8, 2013

Stocks with Strong Financial Metrics (NYSE: WFT)

Shares of WFT traded higher by 5.40% or $0.65/share to $12.69. NYSE is trading at a price to book ratio of 1.04. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.46 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.61. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 8388620 shares of WFT exchange hands on a given day and today's volume is recorded at 3109210. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.