Weatherford International PLC $WFRD Stock Sold by Canoe Financial LP

Canoe Financial LP lessened its position in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) by 24.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 516,866 shares of the company's stock after selling 165,234 shares during the quarter. Canoe Financial LP owned about 0.72% of Weatherford International worth $40,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFRD. IFP Advisors Inc lifted its position in Weatherford International by 72.0% during the 2nd quarter. IFP Advisors Inc now owns 313 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Weatherford International during the second quarter worth approximately $38,000. Summit Securities Group LLC bought a new stake in shares of Weatherford International during the first quarter worth approximately $53,000. EverSource Wealth Advisors LLC raised its stake in shares of Weatherford International by 32.8% during the first quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company's stock worth $88,000 after buying an additional 231 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Weatherford International by 31.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,770 shares of the company's stock valued at $144,000 after buying an additional 420 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Weatherford International

In related news, Director Jacqueline Mutschler sold 4,094 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the transaction, the director directly owned 29,093 shares in the company, valued at approximately $2,632,916.50. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.07% of the stock is owned by corporate insiders.

Weatherford International Trading Up 7.8%

WFRD opened at $85.49 on Thursday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. Weatherford International PLC has a 12 month low of $65.13 and a 12 month high of $113.15. The firm's fifty day simple moving average is $85.86 and its 200 day simple moving average is $92.31.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.33. Weatherford International had a return on equity of 23.17% and a net margin of 8.64%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The company's revenue was down 7.2% on a year-over-year basis. As a group, research analysts anticipate that Weatherford International PLC will post 5.12 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.2750 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 6th. Weatherford International's dividend payout ratio is currently 19.61%.

Key Weatherford International News

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Weatherford reported third-quarter adjusted EPS of $1.66, surpassing the $1.33 analyst consensus and rising from $1.12 in the prior-year quarter. Revenue of $1.14 billion also modestly exceeded the $1.13 billion estimate. Weatherford Q3 EPS earnings flash
• Positive Sentiment: The earnings beat was driven primarily by the bottom line: EPS exceeded estimates by roughly 25%, while year-over-year earnings improved despite lower revenue. Reports also highlighted real cash-flow generation, supporting the quality of the results. Weatherford Q3 earnings and cash flow
• Positive Sentiment: The company maintained its quarterly dividend at $0.275 per share, equal to $1.10 annualized and a yield of approximately 1.3%. The dividend supports shareholder returns, although the upcoming ex-dividend date is November 6.
• Neutral Sentiment: Weatherford’s updated fourth-quarter and full-year 2026 revenue guidance were both generally in line with expectations: $1.3 billion for the fourth quarter and $4.7 billion for the full year. This offers limited evidence of an upward revenue revision but reduces the risk of a near-term outlook shortfall.
• Negative Sentiment: Third-quarter revenue fell 7.2% year over year, underscoring continued pressure on top-line growth even though the decline was expected.
• Negative Sentiment: Piper Sandler and Citigroup lowered their expectations for Weatherford’s stock price, potentially limiting investor enthusiasm despite the strong quarterly earnings performance. Piper Sandler lowers Weatherford expectations

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WFRD. The Goldman Sachs Group reduced their price objective on shares of Weatherford International from $106.00 to $94.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. Raymond James Financial cut their price target on Weatherford International from $125.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, July 10th. Wall Street Zen lowered Weatherford International from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Weatherford International in a research note on Monday, October 12th. Finally, Zacks Research downgraded Weatherford International from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $115.29.

About Weatherford International

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company's product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.

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