Weatherford International PLC (NASDAQ:WFRD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Weatherford International PLC (NASDAQ:WFRD) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $88.5556.

WFRD has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a research report on Wednesday, October 8th. Piper Sandler lifted their price objective on shares of Weatherford International from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Melius initiated coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price for the company. Melius Research initiated coverage on Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 price target on the stock. Finally, Barclays boosted their price target on Weatherford International from $73.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, October 24th.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC purchased a new position in Weatherford International during the 3rd quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Weatherford International during the second quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in Weatherford International by 83.5% during the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 253 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Weatherford International by 69.8% during the second quarter. Smartleaf Asset Management LLC now owns 584 shares of the company’s stock worth $29,000 after purchasing an additional 240 shares in the last quarter. Finally, American National Bank & Trust lifted its position in Weatherford International by 2,392.0% in the second quarter. American National Bank & Trust now owns 623 shares of the company’s stock valued at $31,000 after purchasing an additional 598 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Weatherford International Stock Up 3.4%

Shares of NASDAQ WFRD opened at $74.76 on Monday. The business has a 50-day moving average price of $69.40 and a 200 day moving average price of $59.95. The stock has a market cap of $5.36 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. 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 52-week low of $36.74 and a 52-week high of $86.64.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Weatherford International’s payout ratio is presently 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.