Weatherford International (WFRD) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $66.23 to $69.23
• 50-Day Range: $67.10 to $93.13
• 52-Week Range: $66.23 to $135.00
• Volume: 3.18 million shs
• Average Volume: 910,403 shs
• Market Capitalization: $4.87 billion
• P/E Ratio: 9.42
• Dividend Yield: 1.49%
• Price Target: $121.25
• Consensus Rating: Moderate Buy

Weatherford International Stock Analysis - MarketRank™

Weatherford International scored higher than 97% of companies evaluated by MarketBeat, and ranked 11th out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Weatherford International has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Weatherford International has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 5.40%

Earnings Growth

Earnings for Weatherford International are expected to grow by 5.40% in the coming year, from $6.85 to $7.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Weatherford International is 9.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Weatherford International is 9.42, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.81.

Price to Earnings Growth Ratio

Weatherford International has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Weatherford International has a P/B Ratio of 5.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.12% 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 2.3, 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 3.46%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Weatherford International pays a meaningful dividend of 1.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Weatherford International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Weatherford International is 14.04%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Weatherford International will have a dividend payout ratio of 13.85% next year. This indicates that Weatherford International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.12% 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 2.3, 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 3.46%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.47

News Sentiment

Weatherford International has a news sentiment score of 0.47. 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 lower news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Weatherford International this week, compared to 6 articles on an average week.

Search Interest

25 people have searched for WFRD on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.

MarketBeat Follows

7 people have added Weatherford International to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $521,566.00 in company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Weatherford International is held by insiders.

Percentage Held by Institutions

97.23% of the stock of Weatherford International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WFRD Stock Analysis - Frequently Asked Questions

How have WFRD shares performed this year?

Weatherford International's stock was trading at $97.83 at the beginning of 2024. Since then, WFRD shares have decreased by 31.4% and is now trading at $67.10.
View the best growth stocks for 2024 here.

How were Weatherford International's earnings last quarter?

Weatherford International plc (NASDAQ:WFRD) issued its quarterly earnings data on Tuesday, October, 22nd. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.41. The business's revenue was up 7.3% on a year-over-year basis.

Who are Weatherford International's major shareholders?

Top institutional investors of Weatherford International include FMR LLC (4.92%), State Street Corp (3.12%), Pacer Advisors Inc. (1.98%) and Geode Capital Management LLC (1.82%). Insiders that own company stock include Girish Saligram, Scott C Weatherholt, Charles M Sledge, Joseph H Mongrain, Benjamin Duster, Desmond J Mills and David John Reed.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Weatherford International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Weatherford International investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), ServiceNow (NOW) and Vertiv (VRT).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 12/5 Dividend: 11/06/2024
• Dividend Payable: 12/05/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Oil & gas field machinery
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:WFRD
• CUSIP: N/A
• CIK: 1603923
• Web: www.weatherford.com
• Phone: (713) 836-4000
• Fax: 713-693-4323
• Employees: 18,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $121.25
• High Stock Price Target: $158.00
• Low Stock Price Target: $87.00
• Potential Upside/Downside: +80.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.12
• Trailing P/E Ratio: 9.42
• Forward P/E Ratio: 9.80
• P/E Growth: 0.64
• Net Income: $417 million
• Net Margins: 9.65%
• Pretax Margin: 12.99%
• Return on Equity: 46.25%
• Return on Assets: 10.44%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 2.04
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: $5.53 billion
• Price / Sales: 0.88
• Cash Flow: $9.09 per share
• Price / Cash Flow: 7.38
• Book Value: $12.78 per share
• Price / Book: 5.25

Miscellaneous

• Outstanding Shares: 72,652,000
• Free Float: 71,490,000
• Market Cap: $4.87 billion
• Optionable: Optionable
• Beta: 0.58