Equities Analysts Issue Forecasts for WFRD Q4 Earnings

Weatherford International plc (NASDAQ:WFRD) – Equities research analysts at Capital One Financial cut their Q4 2024 earnings per share estimates for Weatherford International in a report released on Wednesday, November 20th. Capital One Financial analyst D. Becker now expects that the company will post earnings of $1.48 per share for the quarter, down from their prior 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.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 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 for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. Weatherford International’s quarterly revenue was up 7.3% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on WFRD. Citigroup cut their price target on shares of Weatherford International from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays cut their target price 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. Bank of America reduced their target price on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI dropped their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $147.29.

Weatherford International Stock Down 1.7 %

Shares of NASDAQ WFRD opened at $84.38 on Monday. Weatherford International has a 52-week low of $77.00 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The business has a fifty day moving average of $86.80 and a two-hundred day moving average of $104.28. The stock has a market cap of $6.13 billion, a PE ratio of 11.85, a PEG ratio of 0.72 and a beta of 0.60.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds and other institutional investors have recently bought and sold shares of WFRD. Farther Finance Advisors LLC lifted its stake in shares of Weatherford International by 364.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after purchasing an additional 281 shares during the period. nVerses Capital LLC bought a new stake in Weatherford International in the third quarter valued at about $34,000. Millburn Ridgefield Corp acquired a new position in Weatherford International in the third quarter valued at about $42,000. Fifth Third Bancorp boosted its holdings in Weatherford International by 31.0% during the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock worth $44,000 after buying an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Weatherford International by 36.9% during the third quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after buying an additional 141 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Desmond J. Mills sold 6,531 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $79.86, for a total transaction of $521,565.66. Following the completion of the transaction, the chief accounting officer now directly 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. Corporate insiders own 1.60% of the company’s stock.

Weatherford International Dividend Announcement

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