Capital One Financial Estimates WFRD FY2024 Earnings

Weatherford International plc (NASDAQ:WFRD - Free Report) - Equities researchers at Capital One Financial cut their FY2024 EPS estimates for shares of Weatherford International in a research note issued to investors on Monday, February 3rd. Capital One Financial analyst D. Becker now forecasts that the company will earn $6.45 per share for the year, down from their prior forecast of $6.73. The consensus estimate for Weatherford International's current full-year earnings is $6.66 per share. Capital One Financial also issued estimates for Weatherford International's Q4 2025 earnings at $1.57 EPS, Q1 2026 earnings at $1.39 EPS, Q2 2026 earnings at $1.65 EPS, Q3 2026 earnings at $1.76 EPS and Q4 2026 earnings at $1.88 EPS.

WFRD has been the topic of several other reports. Evercore ISI decreased their price objective on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Benchmark reaffirmed a "buy" rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday, October 24th. Piper Sandler initiated coverage on Weatherford International in a research report on Thursday, December 19th. They set a "neutral" rating and a $87.00 target price for the company. Citigroup reduced their target price on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group downgraded shares of Weatherford International from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.25.

Weatherford International Stock Performance

Shares of NASDAQ WFRD traded up $0.25 during mid-day trading on Wednesday, hitting $65.25. The company had a trading volume of 1,925,635 shares, compared to its average volume of 1,225,085. Weatherford International has a 12 month low of $60.45 and a 12 month high of $135.00. The firm has a market cap of $4.74 billion, a P/E ratio of 9.16, a PEG ratio of 1.35 and a beta of 0.61. The business's 50-day simple moving average is $72.68 and its 200-day simple moving average is $87.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.65% and a return on equity of 46.25%.

Institutional Trading of Weatherford International

A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of Weatherford International by 551.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company's stock valued at $122,356,000 after acquiring an additional 1,219,553 shares during the last quarter. FMR LLC boosted its stake in Weatherford International by 36.7% in the third quarter. FMR LLC now owns 3,573,003 shares of the company's stock valued at $303,419,000 after acquiring an additional 959,783 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Weatherford International by 30.6% during the third quarter. Jennison Associates LLC now owns 1,324,101 shares of the company's stock worth $112,443,000 after buying an additional 310,259 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Weatherford International by 402.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company's stock valued at $27,555,000 after buying an additional 259,924 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Weatherford International by 28.6% during the 4th quarter. Van ECK Associates Corp now owns 917,530 shares of the company's stock valued at $65,723,000 after acquiring an additional 204,317 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Insider Activity at Weatherford International

In other news, EVP David John Reed sold 4,762 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now directly owns 11,109 shares in the company, valued at approximately $807,179.94. This represents a 30.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value 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 represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.