Piper Sandler Increases Weatherford International (NASDAQ:WFRD) Price Target to $118.00

Weatherford International (NASDAQ:WFRD) had its target price increased by research analysts at Piper Sandler from $115.00 to $118.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 8.72% from the company’s current price.

A number of other equities research analysts also recently weighed in on WFRD. UBS Group lifted their price objective on Weatherford International from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Zacks Research downgraded Weatherford International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weatherford International in a research note on Wednesday, January 21st. Wall Street Zen cut Weatherford International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada assumed coverage on Weatherford International in a research note on Wednesday, March 18th. They set an “outperform” rating and a $105.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Weatherford International presently has an average rating of “Moderate Buy” and an average price target of $103.22.

Weatherford International Trading Up 5.5%

Shares of WFRD stock opened at $108.54 on Thursday. The firm has a fifty day moving average of $97.42 and a 200-day moving average of $85.66. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.29 and a beta of 0.83. Weatherford International has a 52-week low of $40.12 and a 52-week high of $110.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.65 and a current ratio of 2.31.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.47. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Weatherford International will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Girish Saligram sold 100,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $105.50, for a total transaction of $10,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is currently owned by company insiders.

Institutional Trading of Weatherford International

Several large investors have recently made changes to their positions in WFRD. Smartleaf Asset Management LLC increased its stake in shares of Weatherford International by 127.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock valued at $25,000 after buying an additional 178 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Weatherford International during the 4th quarter worth about $26,000. Quent Capital LLC bought a new stake in Weatherford International during the 3rd quarter worth about $26,000. Leonteq Securities AG bought a new stake in Weatherford International during the 4th quarter worth about $39,000. Finally, Sound Income Strategies LLC acquired a new stake in Weatherford International in the 3rd quarter valued at about $35,000. Institutional investors own 97.23% of the company’s stock.

Key Headlines Impacting Weatherford International

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Q1 earnings beat — Weatherford reported $1.49 EPS (up 45% y/y), ahead of estimates as Well Construction held up despite Middle East disruptions; the beat and improved margins are a clear near-term positive for the stock. WFRD Q1 Earnings
• Positive Sentiment: Piper Sandler raised its price target to $118 and kept an overweight rating — the higher target signals increased analyst conviction and likely supported buying interest. Piper Sandler PT
• Positive Sentiment: UBS lifted its target to $113 and maintained a neutral rating — another upward revision that reinforces the bullish case from sell‑side analysts. UBS PT
• Positive Sentiment: Short-interest decline — Reported short interest fell ~16.7% to 4.14M shares (about 5.9% of shares sold short) with a ~3.7 days-to-cover, reducing immediate short-squeeze risk and removing a potential headwind for the stock.
• Neutral Sentiment: Investor materials available — The company posted its Q1 earnings presentation (useful for deeper review of segment trends and guidance). Q1 Presentation
• Neutral Sentiment: Conflicting/erroneous short-interest data — One report shows 0 shares / NaN change for April 24 (likely a data error); treat that feed as unreliable until corrected.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.