Weatherford InternationalWFRD
About: Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.
Employees: 18,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
117% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 41
47% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $7.35M
33% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 115
14% more funds holding
Funds holding: 355 [Q1] → 403 (+48) [Q2]
4% more capital invested
Capital invested by funds: $8.04B [Q1] → $8.37B (+$333M) [Q2]
2.81% less ownership
Funds ownership: 96.34% [Q1] → 93.53% (-2.81%) [Q2]
27% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 8 (-3) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays David Anderson 37% 1-year accuracy 13 / 35 met price target | 68%upside $154 | Overweight Maintained | 16 Oct 2024 |
B of A Securities Saurabh Pant 17% 1-year accuracy 1 / 6 met price target | 42%upside $130 | Buy Maintained | 14 Oct 2024 |
Citigroup Scott Gruber 42% 1-year accuracy 10 / 24 met price target | 42%upside $130 | Buy Maintained | 25 Sept 2024 |
Raymond James James Rollyson 21% 1-year accuracy 3 / 14 met price target | 72%upside $158 | Strong Buy Maintained | 25 Jul 2024 |
Barclays David Anderson 37% 1-year accuracy 13 / 35 met price target | 80%upside $165 | Overweight Maintained | 25 Jul 2024 |