NASDAQ:WFRD

Weatherford International (WFRD) Stock Forecast, Price & News

$90.33

-2.79 (-3.00%)

(As of 09/29/2023 08:54 PM ET)

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Today's Range: $90.07
▼
$94.00
50-Day Range: $76.94
▼
$97.39
52-Week Range: $31.15
▼
$98.97

Volume: 1.41 million shs
Average Volume: 867,967 shs
Market Capitalization: $6.51 billion

P/E Ratio: 26.03
Dividend Yield: N/A
Price Target: $103.43

Weatherford International MarketRank™ Forecast

Analyst Rating: Buy
3.14 Rating Score
Upside/Downside: 14.5% Upside
$103.43 Price Target
Short Interest: Healthy
4.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.16
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 33.26%
From $4.84 to $6.45 Per Share

Overall MarketRank^™

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

2.31 out of 5 stars

Oils/Energy Sector

105th out of 242 stocks

Oil & Gas Field Machinery Industry

6th out of 12 stocks

2.6

Analyst's Opinion

Consensus Rating
Weatherford International has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $103.43, Weatherford International has a forecasted upside of 14.5% from its current price of $90.33.
Amount of Analyst Coverage
Weatherford International has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.90% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Weatherford International has recently increased by 33.08%, indicating that investor sentiment is decreasing significantly.

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.

3.4

News and Social Media Coverage

News Sentiment
Weatherford International has a news sentiment score of 1.16. 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 0.63 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Weatherford International this week, compared to 2 articles on an average week.
Search Interest
Only 18 people have searched for WFRD on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.
MarketBeat Follows
14 people have added Weatherford International to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Weatherford International insiders have not sold or bought any 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Weatherford International are expected to grow by 33.26% in the coming year, from $4.84 to $6.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Weatherford International is 26.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Weatherford International is 26.03, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.23.
Price to Book Value per Share Ratio
Weatherford International has a P/B Ratio of 11.58. 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 (NASDAQ:WFRD) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

WFRD Stock News Headlines

September 29, 2023 | americanbankingnews.com

Short Interest in Weatherford International plc (NASDAQ:WFRD) Rises By 33.1%

September 23, 2023 | americanbankingnews.com

Weatherford International plc (NASDAQ:WFRD) Receives Consensus Recommendation of "Buy" from Analysts

October 2, 2023 | Behind the Markets (Ad)

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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

August 4, 2023 | msn.com

Goldman Sachs Maintains Weatherford International plc - (WFRD) Buy Recommendation

July 26, 2023 | seekingalpha.com

Weatherford International plc 2023 Q2 - Results - Earnings Call Presentation

July 18, 2023 | finance.yahoo.com

Does This Valuation Of Weatherford International plc (NASDAQ:WFRD) Imply Investors Are Overpaying?

October 2, 2023 | Oxford Club (Ad)

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July 6, 2023 | finance.yahoo.com

Weatherford Releases 2022 Sustainability Report

July 4, 2023 | morningstar.com

Weatherford International PLC Ordinary Shares - New

June 30, 2023 | finance.yahoo.com

Weatherford Announces Second-Quarter 2023 Conference Call

June 8, 2023 | finance.yahoo.com

Weatherford Awarded Drilling Services Contract from Aramco

May 25, 2023 | msn.com

2 Energy Mid-Caps Expected To Post Monster Earnings Growth

May 2, 2023 | seekingalpha.com

Weatherford: Expect To Benefit From A Macro Turnaround And Operation Initiatives

April 27, 2023 | markets.businessinsider.com

Goldman Sachs Sticks to Their Buy Rating for Weatherford International (WFRD)

April 26, 2023 | msn.com

Weatherford rallies after strong Q1 earnings beat, upbeat guidance

April 26, 2023 | seekingalpha.com

Weatherford International plc 2023 Q1 - Results - Earnings Call Presentation

April 26, 2023 | finanznachrichten.de

Weatherford International, LLC: Weatherford Announces First Quarter 2023 Results

April 20, 2023 | finance.yahoo.com

Weatherford Announces Successful Completion of Consent Solicitation

March 31, 2023 | finance.yahoo.com

Weatherford Announces First-Quarter 2023 Conference Call

March 28, 2023 | finance.yahoo.com

There's Been No Shortage Of Growth Recently For Weatherford International's (NASDAQ:WFRD) Returns On Capital

March 23, 2023 | finance.yahoo.com

Look Beyond Profit, Bet on 4 Stocks With Swelling Cash Flows

March 21, 2023 | seekingalpha.com

Weatherford: Set To Benefit From E&P CapEx Upcycle After Weathering The Storm

March 16, 2023 | finanznachrichten.de

Weatherford International, LLC: Weatherford Releases 2022 Digital Annual Report

March 1, 2023 | finance.yahoo.com

How Good Is Weatherford International plc (NASDAQ:WFRD), When It Comes To ROE?

February 23, 2023 | msn.com

3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth

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WFRD Company Calendar

Last Earnings: 7/25/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $103.43
High Stock Price Forecast: $127.00
Low Stock Price Forecast: $82.00
Forecasted Upside/Downside: +14.5%
Consensus Rating: Buy
Rating Score (0-4): 3.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.47
Trailing P/E Ratio: 26.03
Forward P/E Ratio: 18.66
P/E Growth: N/A
Net Income: $26 million
Net Margins: 5.30%
Pretax Margin: 7.37%
Return on Equity: 46.47%
Return on Assets: 5.64%

Debt

Debt-to-Equity Ratio: 2.97
Current Ratio: 2.03
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $4.33 billion
Price / Sales: 1.50
Cash Flow: $5.82 per share
Price / Cash Flow: 15.52
Book Value: $7.80 per share
Price / Book: 11.58

Miscellaneous

Outstanding Shares: 72,070,000
Free Float: 70,489,000
Market Cap: $6.51 billion
Optionable: Not Optionable
Beta: 0.90

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Key Executives

Mr. Girishchandra K. Saligram (Age 51)
Pres, CEO & Director
Comp: $5.7M

Mr. Desmond J. Mills (Age 49)
Sr. VP & Chief Accounting Officer
Comp: $812.18k

Mr. Scott C. Weatherholt (Age 45)
Exec. VP, Gen. Counsel & Chief Compliance Officer
Comp: $1.93M

Mr. Joseph H. Mongrain (Age 64)
Exec. VP & Chief People Officer
Comp: $864.71k

Mr. Charles W. Davison Jr. (Age 54)
Exec. VP and Chief Fulfillment & Enterprise Infrastructure Officer
Comp: $667.88k

Mr. Arunava Mitra (Age 50)
Exec. VP & CFO

Mohammed Topiwala
Director of Investor Relations and M&A

Kelley Hughes
Director of Global Communications

Christine M. Morrison
VP, Deputy Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WFRD Stock - Frequently Asked Questions

Should I buy or sell Weatherford International stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Weatherford International in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?: 7 equities research analysts have issued 12-month price targets for Weatherford International's shares. Their WFRD share price forecasts range from $82.00 to $127.00. On average, they anticipate the company's share price to reach $103.43 in the next twelve months. This suggests a possible upside of 14.5% 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 77.4% and is now trading at $90.33.
View the best growth stocks for 2023 here.
Are investors shorting Weatherford International?: Weatherford International saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,460,000 shares, an increase of 33.1% from the August 31st total of 2,600,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.9% of the company's stock are sold short.
View Weatherford International's Short Interest.
When is Weatherford International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our WFRD earnings forecast.
How were Weatherford International's earnings last quarter?: Weatherford International plc (NASDAQ:WFRD) issued its quarterly earnings results on Tuesday, July, 25th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. Weatherford International had a trailing twelve-month return on equity of 46.47% and a net margin of 5.30%.

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).
What is Weatherford International's stock symbol?: Weatherford International trades on the NASDAQ under the ticker symbol "WFRD."
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.
What is Weatherford International's stock price today?: One share of WFRD stock can currently be purchased for approximately $90.33.
How much money does Weatherford International make?: Weatherford International (NASDAQ:WFRD) has a market capitalization of $6.51 billion and generates $4.33 billion in revenue each year. The company earns $26 million in net income (profit) each year or $3.47 on an earnings per share basis.
How many employees does Weatherford International have?: The company employs 17,700 workers across the globe.
How can I contact Weatherford International?: Weatherford International's mailing address is 2000 ST JAMES PLACE, HOUSTON TX, 77056. The official website for the company is www.weatherford.com. The company can be reached via phone at (713) 836-4000, via email at investor.relations@weatherford.com, or via fax at 713-693-4323.

This page (NASDAQ:WFRD) was last updated on 10/2/2023 by MarketBeat.com Staff

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