NEW YORK (TheStreet) -- Weatherford International shares are down 1.42% to $11.84 in trading on Tuesday as oil prices reversed their gains for the first time in four trading sessions following a note from the International Energy Agency. Oil prices are down following a report by the International Energy Agency warning that rising stockpiles could approach record territory of 2.83 billion barrels by mid-2015 causing the oil services and equipment provider to fall today. Industry standard Brent crude is down 3.17% to $56.49 per barrel, while West Texas crude is down 5.13% to $50.15. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The IEA also said that it expects global demand for crude in 2015 to hold steady at 29.4 million barrels per day. Oil prices have declined more than 50% since last June as increasing global supplies have put pressure on prices. TheStreet Ratings team rates WEATHERFORD INTL PLC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation: "We rate WEATHERFORD INTL PLC (WFT) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Energy Equipment & Services industry. The net income has significantly decreased by 75.3% when compared to the same quarter one year ago, falling from -$271.00 million to -$475.00 million. The share price of WEATHERFORD INTL PLC has not done very well: it is down 14.22% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time. WEATHERFORD INTL PLC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, WEATHERFORD INTL PLC reported poor results of -$0.75 versus -$0.44 in the prior year. This year, the market expects an improvement in earnings ($0.60 versus -$0.75). WFT, with its decline in revenue, underperformed when compared the industry average of 10.8%. Since the same quarter one year prior, revenues slightly dropped by 0.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. You can view the full analysis from the report here: WFT Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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