The price of Weatherford International plc (NASDAQ:WFRD) shares last traded on Wall Street rose 1.60% to $96.71.
Based on available information, 6 analysts follow Weatherford International plc (NASDAQ:WFRD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $127.00 and a low of $100.00, we find $110.50. Given the previous closing price of $95.19, this indicates a potential upside of 16.08 percent. WFRD stock price is now 16.03% away from the 50-day moving average and 50.68% away from the 200-day moving average. The market capitalization of the company currently stands at $6.86B.
Among analysts, 0 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $110.83 as their price target over the next twelve months.
With the price target of $100, CapitalOne recently initiated with Overweight rating for Weatherford International plc (NASDAQ: WFRD).
In other news, Saligram Girish, President and CEO sold 50,750 shares of the company’s stock on May 23. The stock was sold for $3,011,454 at an average price of $59.34. Upon completion of the transaction, the President and CEO now directly owns 894,909 shares in the company, valued at $86.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, SVP & Chief Accounting Officer Mills Desmond J sold 15,000 shares of the business’s stock. A total of $861,300 was realized by selling the stock at an average price of $57.42. This leaves the insider owning 26,761 shares of the company worth $2.59 million. Insiders disposed of 787,343 shares of company stock worth roughly $76.14 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WFRD stock. A new stake in Weatherford International plc shares was purchased by ATLANTIC INVESTMENT MANAGEMENT, INC. during the first quarter worth $38,636,000. FRONTIER CAPITAL MANAGEMENT CO LLC invested $21,170,000 in shares of WFRD during the first quarter. In the first quarter, YAUPON CAPITAL MANAGEMENT LP acquired a new stake in Weatherford International plc valued at approximately $11,588,000. HRT FINANCIAL LP acquired a new stake in WFRD for approximately $7,391,000. NICHOLAS INVESTMENT PARTNERS, LP purchased a new stake in WFRD valued at around $6,975,000 in the second quarter. In total, there are 328 active investors with 99.60% ownership of the company’s stock.
A candlestick chart of Weatherford International plc (NASDAQ: WFRD) showed a price of $95.36 on Friday morning. During the past 12 months, Weatherford International plc has had a low of $28.02 and a high of $98.72. As of last week, the company has a debt-to-equity ratio of 3.14, a current ratio of 2.00, and a quick ratio of 1.50. The fifty day moving average price for WFRD is $83.97 and a two-hundred day moving average price translates $64.45 for the stock.
The latest earnings results from Weatherford International plc (NASDAQ: WFRD) was released for Jun, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $1.12, missing analysts’ expectations of $1.13 by -0.01. This compares to $0.16 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 46.20% for WFRD. The company reported revenue of $1.27 billion for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.74 percent. For the current quarter, analysts expect WFRD to generate $1.29B in revenue.
Weatherford International plc(WFRD) 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. 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.
