Weatherford International plc was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.16 to $2.67 in the past one-month time frame.

The stock was driven after the company reported lower-than-expected loss in first-quarter 2018. Also, management unveiled that it remains well on track with the divestiture of some of its non-core assets.

The company has seen six negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Weatherford International currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the Oil and Gas - Mechanical and Equitment industry is Exterran Corporation , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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