Analysts Set Weatherford International PLC (NASDAQ:WFRD) Price Target at $88.56

Weatherford International PLC (NASDAQ:WFRD) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $88.5556.

A number of equities research analysts have commented on WFRD shares. Melius began coverage on Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price target for the company. Zacks Research raised shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Raymond James Financial reissued an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of Weatherford International in a research report on Thursday, July 24th. Melius Research assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 price target on the stock. Finally, BMO Capital Markets assumed coverage on shares of Weatherford International in a report on Friday, October 10th. They issued an “outperform” rating and a $82.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WFRD. Quent Capital LLC purchased a new stake in Weatherford International in the third quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC acquired a new stake in Weatherford International during the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Weatherford International by 83.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 253 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Weatherford International by 69.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company’s stock valued at $29,000 after acquiring an additional 240 shares during the last quarter. Finally, American National Bank & Trust increased its stake in shares of Weatherford International by 2,392.0% in the second quarter. American National Bank & Trust now owns 623 shares of the company’s stock worth $31,000 after acquiring an additional 598 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Weatherford International Price Performance

Shares of WFRD opened at $72.54 on Thursday. The company has a 50 day moving average of $67.17 and a two-hundred day moving average of $57.55. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. Weatherford International has a twelve month low of $36.74 and a twelve month high of $89.77. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 EPS. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts predict that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Weatherford International’s payout ratio is currently 18.12%.

About Weatherford International

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.