Q4 EPS Estimates for WFRD Cut by Capital One Financial

Weatherford International plc (NASDAQ:WFRD - Free Report) - Research analysts at Capital One Financial reduced their Q4 2024 earnings per share (EPS) estimates for Weatherford International in a report released on Wednesday, November 20th. Capital One Financial analyst D. Becker now forecasts that the company will earn $1.48 per share for the quarter, down from their previous estimate of $1.94. The consensus estimate for Weatherford International's current full-year earnings is $6.91 per share. Capital One Financial also issued estimates for Weatherford International's Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.73 EPS, Q4 2025 earnings at $1.82 EPS and FY2025 earnings at $6.44 EPS.

Several other research firms also recently commented on WFRD. Evercore ISI decreased their target price on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Bank of America reduced their price target on Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on shares of Weatherford International from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Benchmark reiterated a "buy" rating and issued a $155.00 price target on shares of Weatherford International in a research note on Thursday, October 24th. Finally, Barclays dropped their price objective on shares of Weatherford International from $154.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $147.29.

Weatherford International Stock Performance

Shares of WFRD stock traded down $1.45 during midday trading on Monday, hitting $84.38. 772,374 shares of the company were exchanged, compared to its average volume of 913,125. The firm has a market capitalization of $6.13 billion, a P/E ratio of 11.85, a PEG ratio of 0.72 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. Weatherford International has a 52 week low of $77.00 and a 52 week high of $135.00. The firm's 50 day moving average price is $86.80 and its two-hundred day moving average price is $104.28.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $1.66 EPS. The company's quarterly revenue was up 7.3% on a year-over-year basis.

Hedge Funds Weigh In On Weatherford International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Weatherford International by 364.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock valued at $30,000 after buying an additional 281 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Weatherford International during the third quarter worth approximately $34,000. Millburn Ridgefield Corp purchased a new stake in shares of Weatherford International in the 3rd quarter valued at $42,000. Fifth Third Bancorp grew its holdings in shares of Weatherford International by 31.0% during the 2nd quarter. Fifth Third Bancorp now owns 359 shares of the company's stock valued at $44,000 after purchasing an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Weatherford International by 36.9% in the third quarter. GAMMA Investing LLC now owns 523 shares of the company's stock worth $44,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insider Activity

In other news, EVP David John Reed sold 6,805 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Desmond J. Mills sold 6,531 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now owns 11,680 shares in the company, valued at $932,764.80. This trade represents a 35.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Weatherford International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. Weatherford International's payout ratio is presently 14.04%.

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.