Should I buy or sell Weatherford International stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weatherford International in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WFRD shares. View WFRD analyst ratings or view top-rated stocks .

What is Weatherford International's stock price target for 2024?

8 equities research analysts have issued twelve-month target prices for Weatherford International's stock. Their WFRD share price targets range from $82.00 to $135.00. On average, they predict the company's share price to reach $111.50 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View analysts price targets for WFRD or view top-rated stocks among Wall Street analysts .

How have WFRD shares performed in 2023?

Weatherford International's stock was trading at $50.92 at the beginning of 2023. Since then, WFRD shares have increased by 67.0% and is now trading at $85.03. View the best growth stocks for 2023 here .

When is Weatherford International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024. View our WFRD earnings forecast .

How were Weatherford International's earnings last quarter?

Weatherford International plc (NASDAQ:WFRD) posted its earnings results on Tuesday, October, 24th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.51. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Weatherford International had a trailing twelve-month return on equity of 55.83% and a net margin of 7.01%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS.

What ETFs hold Weatherford International's stock?

ETFs with the largest weight of Weatherford International (NASDAQ:WFRD) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ) , SPDR S&P Oil & Gas Equipment & Services ETF (XES) , iShares U.S. Oil Equipment & Services ETF (IEZ) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , Alpha Architect U.S. Quantitative Momentum ETF (QMOM) , First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) , Convergence Long/Short Equity ETF (CLSE) and First Trust Mid Cap Growth AlphaDEX Fund (FNY) .

Who are Weatherford International's major shareholders?

Weatherford International's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (4.21%), Yacktman Asset Management LP (3.09%), Boston Partners (3.06%), Bank of New York Mellon Corp (2.28%), American Century Companies Inc. (1.86%) and Van ECK Associates Corp (1.76%). Insiders that own company stock include Desmond J Mills , Girish Saligram , Joseph H Mongrain and Scott C Weatherholt . View institutional ownership trends .

How do I buy shares of Weatherford International?

Shares of WFRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Weatherford International Stock Price, News & Analysis (NASDAQ:WFRD)

$85.03

-0.61 (-0.71%)

(As of 12/7/2023 ET)

Compare

Today's Range: $84.29
▼
$86.54
50-Day Range: $84.83
▼
$99.49
52-Week Range: $40.54
▼
$100.93

Volume: 763,944 shs
Average Volume: 908,134 shs
Market Capitalization: $6.13 billion

P/E Ratio: 17.94
Dividend Yield: N/A
Price Target: $111.50

Weatherford International MarketRank™ Stock Analysis

Analyst Rating: Buy
3.13 Rating Score
Upside/Downside: 31.1% Upside
$111.50 Price Target
Short Interest: Healthy
6.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.19
Based on 8 Articles This Week
Insider Trading: Selling Shares
$1.53 M Sold Last Quarter
Proj. Earnings Growth: 28.57%
From $5.25 to $6.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.15 out of 5 stars

Oils/Energy Sector

9th out of 193 stocks

Oil & Gas Field Machinery Industry

2nd out of 8 stocks

4.6

Analyst's Opinion

Consensus Rating
Weatherford International has received a consensus rating of Buy. The company's average rating score is 3.13, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $111.50, Weatherford International has a forecasted upside of 31.1% from its current price of $85.03.
Amount of Analyst Coverage
Weatherford International has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
6.19% of the float of Weatherford International has been sold short.
Short Interest Ratio / Days to Cover
Weatherford International has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Weatherford International has recently decreased by 3.10%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Weatherford International does not currently pay a dividend.
Dividend Growth
Weatherford International does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WFRD.

2.9

News and Social Media Coverage

News Sentiment
Weatherford International has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Weatherford International this week, compared to 2 articles on an average week.
Search Interest
Only 23 people have searched for WFRD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Weatherford International to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Weatherford International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,534,854.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Weatherford International is held by insiders.
Percentage Held by Institutions
90.66% of the stock of Weatherford International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Weatherford International are expected to grow by 28.57% in the coming year, from $5.25 to $6.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Weatherford International is 17.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Weatherford International is 17.94, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.73.
Price to Book Value per Share Ratio
Weatherford International has a P/B Ratio of 10.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Weatherford International Stock (NASDAQ:WFRD)

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. 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 software, automation and flow measurement solutions. 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, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.

WFRD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WFRD Stock News Headlines

December 7, 2023 | americanbankingnews.com

Weatherford International plc (NASDAQ:WFRD) Receives Consensus Rating of "Buy" from Brokerages

December 6, 2023 | finance.yahoo.com

Weatherford Awarded 10K DPR Intervention Services Contract with Petrobras

December 8, 2023 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.

November 27, 2023 | bizjournals.com

Former Weatherford CEO's SPAC Pyrophyte to take Sio Silica public with $758M equity value

November 13, 2023 | seekingalpha.com

Weatherford rated new Buy at BofA, seeing revenue and margin expansion

November 10, 2023 | markets.businessinsider.com

Where Weatherford International Stands With Analysts

October 30, 2023 | finance.yahoo.com

Weatherford Announces Upgrade in Credit Rating to ‘B1’ from ‘B2’, Positive Outlook

October 30, 2023 | finanznachrichten.de

Weatherford International plc: Weatherford Announces Fitch Credit Rating of 'B+'

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

October 30, 2023 | finance.yahoo.com

Weatherford Announces Fitch Credit Rating of ‘B+’

October 29, 2023 | seekingalpha.com

Weatherford: Unexpected Global Integrated Oilfield Services Winner

October 25, 2023 | finanznachrichten.de

Weatherford International plc: Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

October 25, 2023 | seekingalpha.com

Weatherford International plc 2023 Q3 - Results - Earnings Call Presentation

October 24, 2023 | finance.yahoo.com

Weatherford International PLC (WFRD) Reports Strong Q3 2023 Earnings and Raises Full-Year Outlook

October 24, 2023 | finance.yahoo.com

Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

October 24, 2023 | finance.yahoo.com

Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity

October 24, 2023 | finance.yahoo.com

Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

October 22, 2023 | msn.com

Dow Jones Futures: Microsoft, These Titans Lead Earnings Wave With Stock Market Reeling

October 22, 2023 | msn.com

Dow Jones Futures: Market Point Break? Microsoft, These Titans Lead Earnings Wave

October 21, 2023 | finance.yahoo.com

WFRD Oct 2023 115.000 call

October 20, 2023 | finance.yahoo.com

Oil Stocks Offered Profit Chances In Tough Market

October 16, 2023 | msn.com

7 Small-Cap Stocks to Buy Before the Next Recession Hits

October 13, 2023 | finance.yahoo.com

Weatherford Announces Intention to Redeem $50 Million Principal Amount of 6.50% Senior Notes Due 2028

October 5, 2023 | msn.com

Weatherford International: Increasing Target As Company Continues To Deliver

October 3, 2023 | msn.com

Weatherford CEO says oilfield services firm has been through ‘a remarkable turnaround’

August 8, 2023 | finance.yahoo.com

Should You Be Impressed By Weatherford International plc's (NASDAQ:WFRD) ROE?

August 6, 2023 | seekingalpha.com

Weatherford International: Strong Near-Term Outlook With Further Margin Expansion Potential

See More Headlines

Receive WFRD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Weatherford International and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 10/24/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Oil & gas field machinery
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:WFRD
CUSIP: N/A
CIK: 1603923
Web: www.weatherford.com
Phone: (713) 836-4000
Fax: 713-693-4323
Employees: 17,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $111.50
High Stock Price Target: $135.00
Low Stock Price Target: $82.00
Potential Upside/Downside: +31.1%
Consensus Rating: Buy
Rating Score (0-4): 3.13
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.74
Trailing P/E Ratio: 17.94
Forward P/E Ratio: 16.20
P/E Growth: N/A
Net Income: $26 million
Net Margins: 7.01%
Pretax Margin: 9.11%
Return on Equity: 55.83%
Return on Assets: 7.57%

Debt

Debt-to-Equity Ratio: 2.44
Current Ratio: 1.86
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: $4.98 billion
Price / Sales: 1.23
Cash Flow: $5.42 per share
Price / Cash Flow: 15.69
Book Value: $7.80 per share
Price / Book: 10.90

Miscellaneous

Outstanding Shares: 72,119,000
Free Float: 70,532,000
Market Cap: $6.13 billion
Optionable: Not Optionable
Beta: 0.73

The Best High-Yield Dividend Stocks for 2023

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

Mr. Girishchandra K. Saligram (Age 51)
President, CEO & Director
Comp: $5.7M
Mr. Desmond J. Mills (Age 49)
Senior VP & Chief Accounting Officer
Comp: $812.18k
Mr. Scott C. Weatherholt (Age 45)
Executive VP, General Counsel & Chief Compliance Officer
Comp: $1.93M
Mr. Joseph H. Mongrain (Age 64)
Executive VP & Chief People Officer
Comp: $864.71k
Mr. Charles W. Davison Jr. (Age 54)
Executive VP and Chief Fulfillment & Enterprise Infrastructure Officer
Comp: $667.88k
Mr. Arunava Mitra (Age 50)
Executive VP & CFO
Mohammed Topiwala
Director of Investor Relations and M&A
Kelley Hughes
Director of Global Communications
Christine M. Morrison
VP, Deputy General Counsel & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WFRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Weatherford International stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weatherford International in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WFRD shares.
View WFRD analyst ratings or view top-rated stocks.
What is Weatherford International's stock price target for 2024?: 8 equities research analysts have issued twelve-month target prices for Weatherford International's stock. Their WFRD share price targets range from $82.00 to $135.00. On average, they predict the company's share price to reach $111.50 in the next year. This suggests a possible upside of 31.1% from the stock's current price.
View analysts price targets for WFRD or view top-rated stocks among Wall Street analysts.
How have WFRD shares performed in 2023?: Weatherford International's stock was trading at $50.92 at the beginning of 2023. Since then, WFRD shares have increased by 67.0% and is now trading at $85.03.
View the best growth stocks for 2023 here.
When is Weatherford International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our WFRD earnings forecast.

How were Weatherford International's earnings last quarter?: Weatherford International plc (NASDAQ:WFRD) posted its earnings results on Tuesday, October, 24th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.51. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Weatherford International had a trailing twelve-month return on equity of 55.83% and a net margin of 7.01%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS.
What ETFs hold Weatherford International's stock?: ETFs with the largest weight of Weatherford International (NASDAQ:WFRD) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), iShares U.S. Oil Equipment & Services ETF (IEZ), Invesco Dorsey Wright Energy Momentum ETF (PXI), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Convergence Long/Short Equity ETF (CLSE) and First Trust Mid Cap Growth AlphaDEX Fund (FNY).
Who are Weatherford International's major shareholders?: Weatherford International's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (4.21%), Yacktman Asset Management LP (3.09%), Boston Partners (3.06%), Bank of New York Mellon Corp (2.28%), American Century Companies Inc. (1.86%) and Van ECK Associates Corp (1.76%). Insiders that own company stock include Desmond J Mills, Girish Saligram, Joseph H Mongrain and Scott C Weatherholt.
View institutional ownership trends.
How do I buy shares of Weatherford International?: Shares of WFRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:WFRD) was last updated on 12/8/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Weatherford International Stock Price, News & Analysis (NASDAQ:WFRD)

Weatherford International MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Weatherford International Stock (NASDAQ:WFRD)

WFRD Stock Price History

WFRD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WFRD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™