WFRD Q4 EPS Forecast Reduced by Capital One Financial

Weatherford International plc (NASDAQ:WFRD - Free Report) - Equities researchers at Capital One Financial reduced their Q4 2024 EPS estimates for Weatherford International in a research note issued on Monday, February 3rd. Capital One Financial analyst D. Becker now anticipates that the company will earn $1.20 per share for the quarter, down from their previous forecast of $1.48. The consensus estimate for Weatherford International's current full-year earnings is $6.14 per share. Capital One Financial also issued estimates for Weatherford International's Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.42 EPS, FY2025 earnings at $5.06 EPS and FY2026 earnings at $6.67 EPS.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%.

A number of other analysts also recently issued reports on WFRD. Evercore ISI decreased their price objective on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Piper Sandler initiated coverage on shares of Weatherford International in a report on Thursday, December 19th. They issued a "neutral" rating and a $87.00 price target on the stock. The Goldman Sachs Group downgraded Weatherford International from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Raymond James decreased their target price on Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a research report on Friday. Finally, Citigroup dropped their price target on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.88.

Weatherford International Stock Performance

Shares of NASDAQ WFRD traded up $1.49 during mid-day trading on Thursday, reaching $66.85. 2,070,441 shares of the company's stock were exchanged, compared to its average volume of 1,360,368. The firm has a 50-day moving average price of $71.68 and a two-hundred day moving average price of $86.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.80 and a quick ratio of 1.49. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.48 and a beta of 0.60. Weatherford International has a 52 week low of $60.45 and a 52 week high of $135.00.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its position in shares of Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Farther Finance Advisors LLC raised its position in Weatherford International by 364.9% during the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. nVerses Capital LLC bought a new stake in Weatherford International during the third quarter worth about $34,000. R Squared Ltd bought a new position in shares of Weatherford International during the 4th quarter valued at about $36,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Weatherford International during the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insider Activity

In other news, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the sale, the executive vice president now owns 125,019 shares in the company, valued at approximately $8,272,507.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David John Reed sold 4,762 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the completion of the transaction, the executive vice president now owns 11,109 shares in the company, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International's payout ratio is presently 14.88%.

Weatherford International Company Profile

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.