Weatherford InternationalWFRD
WFRD
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
106% more call options, than puts
Call options by funds: $12.5M | Put options by funds: $6.07M
1.89% less ownership
Funds ownership: 94.15% [Q2] → 92.26% (-1.89%) [Q3]
7% less funds holding
Funds holding: 404 [Q2] → 374 (-30) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 146
32% less capital invested
Capital invested by funds: $8.43B [Q2] → $5.73B (-$2.69B) [Q3]
35% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 85
50% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 4 (-4) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$95
42%
upside
Avg. target
$125
87%
upside
High target
$155
131%
upside
5 analyst ratings
5 positive
100%
0 neutral
0%
0 negative
0%
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 42%upside $95 | Buy Maintained | 20 Dec 2024 |
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 56%upside $105 | Overweight Maintained | 18 Dec 2024 |
Evercore ISI Group James West 47% 1-year accuracy 17 / 36 met price target | 112%upside $142 | Outperform Maintained | 24 Oct 2024 |
Benchmark Kurt Hallead 25% 1-year accuracy 9 / 36 met price target | 131%upside $155 | Buy Reiterated | 24 Oct 2024 |
B of A Securities Saurabh Pant 25% 1-year accuracy 2 / 8 met price target | 94%upside $130 | Buy Maintained | 14 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
4 weeks ago
Weatherford Announces Fourth-Quarter and Full-Year 2024 Conference Call
HOUSTON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Thursday, February 6, 2025 to discuss the Company's results for the fourth quarter and full year ended December 31, 2024.
Neutral
GlobeNewsWire
1 month ago
Weatherford Secures Three-Year Contract with ADNOC
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. The project is slated to begin in the fourth quarter of 2024, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC's onshore assets.
Neutral
GlobeNewsWire
1 month ago
Weatherford Announces Contract Awards with Kuwait Oil Company and NOC in Qatar
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced two contracts in the Middle East, with Kuwait Oil Company (“KOC”) and a National Oil Company (“NOC”) in Qatar.
Negative
Seeking Alpha
1 month ago
Weatherford: Q3 Shows A Very Mixed Picture
Weatherford International's Q3 revenue missed analyst expectations, but EPS beat estimates, showing mixed financial performance. Segment revenues remained flat, with minimal growth, and adjusted EBITDA decreased by 3%, indicating slowing growth. Despite positive capital allocation moves and reduced net debt, the company's future growth outlook is unclear.
Neutral
Seeking Alpha
1 month ago
Weatherford International plc (WFRD) Q3 2024 Earnings Call Transcript
Weatherford International plc (NASDAQ:WFRD ) Q3 2024 Earnings Conference Call October 23, 2024 8:30 AM ET Company Participants Luke Lemoine - SVP, Corporate Development and IR Girish Saligram - President & CEO Arun Mitra - EVP & CFO Conference Call Participants David Anderson - Barclays James West - Evercore Scott Gruber - Citigroup Ati Modak - Goldman Sachs Jim Rollyson - Raymond James Saurabh Pant - Bank of America Kurt Hallead - Benchmark Doug Becker - Capital One Joshua Chan - Daniel Energy Partners Operator Thank you. Ladies and gentlemen, thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Weatherford (WFRD) Surpasses Q3 Earnings Estimates
Weatherford (WFRD) came out with quarterly earnings of $2.06 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.66 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Weatherford Third Quarter 2024 Results
Revenues of $1,409 million increased 7% year-over-year Operating income of $243 million increased 11% year-over-year Net income of $157 million increased 28% year-over-year; net income margin of 11.1% Adjusted EBITDA* of $355 million increased 16% year-over-year; adjusted EBITDA margin* of 25.2% increased by 197 basis points year-over-year Cash provided by operating activities of $262 million, an increase of $112 million sequentially and $90 million year-over-year; adjusted free cash flow* of $184 million, an increase of $88 million sequentially and $47 million year-over-year Received credit rating upgrade from S&P Global Ratings to ‘BB-' with positive outlook, and from Fitch to ‘BB-' with stable outlook Shareholder returns of $68 million for the quarter, which includes dividends payment of $18 million and share repurchases of $50 million Board approved quarterly cash dividend of $0.25 per share payable on December 5, 2024 to shareholders of record as of November 6, 2024 Deployment of Victus™ Managed Pressure Drilling (MPD) systems in the first two deep geothermal exploration wells that have been drilled for a major operator in the Middle East Aramco awarded Weatherford a three-year Corporate Procurement Agreement (CPA) including Cementation Products, Completions, Liner Hangers, and Whipstocks, as well as associated service agreements, to enhance its operational efficiency and strategic goals Hosted 20th annual FWRD conference focused on digitalization and next-generation life-of-well solutions to boost efficiency, sustainability, and performance *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the third quarter of 2024. Revenues for the third quarter of 2024 were $1,409 million, an increase of 0.3% sequentially and an increase of 7% year-over-year.
Negative
Zacks Investment Research
2 months ago
Analysts Estimate Weatherford (WFRD) to Report a Decline in Earnings: What to Look Out for
Weatherford (WFRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Negative
Invezz
2 months ago
I'd avoid SLB and Baker Hughes and buy Weatherford stock
The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new normal of lower prices as demand concerns have remained.
Neutral
GlobeNewsWire
3 months ago
Weatherford Announces Third-Quarter 2024 Conference Call
HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, October 23, 2024 to discuss the Company's results for the third quarter ending September 30, 2024.
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