Barclays Issues Positive Forecast for Weatherford International (NASDAQ:WFRD) Stock Price

Key Points

• Barclays has increased its price target for Weatherford International (NASDAQ: WFRD) from $73.00 to $81.00, indicating a potential upside of 15.06% from the current stock price.
• While Barclays holds an "overweight" rating, other analysts like Zacks and Piper Sandler have also lifted their ratings for Weatherford, with an average price target of $91.33.
• Despite positive forecasts, the stock recently traded down 0.4% to $70.40, amid diverse institutional investments that show strong ownership among institutional investors, which now hold 97.23% of the company's stock.

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price objective boosted by research analysts at Barclays from $73.00 to $81.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 15.06% from the stock's previous close.

Several other equities research analysts have also recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Weatherford International in a research note on Friday. Zacks Research raised Weatherford International from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Piper Sandler raised their target price on Weatherford International from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday. Raymond James Financial reaffirmed an "outperform" rating and set a $70.00 target price (up previously from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. Finally, Melius Research initiated coverage on Weatherford International in a research note on Wednesday, August 20th. They set a "buy" rating and a $108.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Weatherford International has an average rating of "Moderate Buy" and an average price target of $91.33.

Weatherford International Trading Down 0.4%

Shares of WFRD stock traded down $0.31 on Friday, hitting $70.40. The company had a trading volume of 880,217 shares, compared to its average volume of 1,223,794. The firm has a market cap of $5.06 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.74 and a beta of 0.79. The stock's 50-day moving average is $63.73 and its two-hundred day moving average is $54.49. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.63 and a current ratio of 2.91. Weatherford International has a twelve month low of $36.74 and a twelve month high of $91.82.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.03). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The company's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in Weatherford International by 25.2% in the third quarter. Meeder Asset Management Inc. now owns 2,582 shares of the company's stock worth $177,000 after acquiring an additional 519 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Weatherford International by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 48,220 shares of the company's stock valued at $3,298,000 after purchasing an additional 2,085 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Weatherford International by 98.9% in the third quarter. SG Americas Securities LLC now owns 15,341 shares of the company's stock valued at $1,050,000 after purchasing an additional 7,627 shares in the last quarter. Mattson Financial Services LLC bought a new position in shares of Weatherford International in the third quarter valued at approximately $243,000. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Weatherford International in the third quarter valued at approximately $20,725,000. Institutional investors own 97.23% of the company's stock.

About Weatherford International

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.

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