Weatherford International - WFRD Stock Forecast, Price & News

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 in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high-temperature and high-pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed-loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open hole and cased-hole logging services; and intervention and remediation services. Further, the company provides tubular handling, management, and connection services; and re-entry, fishing, wellbore cleaning, and well abandonment services, as well as patented bottom hole, tubularhandling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.

Weatherford International Stock Performance

Shares of Weatherford International stock opened at $23.34 on Wednesday. The firm has a market capitalization of $1.65 billion, a P/E ratio of -4.94 and a beta of 1.63. The company has a quick ratio of 1.66, a current ratio of 2.18 and a debt-to-equity ratio of 4.82. The company has a 50 day moving average price of $22.95 and a 200 day moving average price of $29.39. Weatherford International has a 52 week low of $13.82 and a 52 week high of $40.16.

Analyst Ratings Changes

WFRD has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Weatherford International from $43.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Weatherford International in a report on Wednesday, June 8th. They issued a "buy" rating and a $49.00 price target on the stock.