Now what
Weatherford's stock price is so low that it received a notice from the New York Stock Exchange that its shares are no longer in compliance with its listing standards (a stock can't trade below $1 for 30 consecutive days). So chances are company management will have to do something. That could be as simple as a reverse split to reduce its share count.
Whatever it is, though, the overarching theme for long-term investors is to stay away. This company looks to be teetering on the brink of solvency, and it will take an incredible uptick in its business for it to keep the lights on.