Q4 EPS Estimates for WFRD Decreased by Capital One Financial

Weatherford International plc (NASDAQ:WFRD) – Capital One Financial cut their Q4 2024 earnings per share (EPS) estimates for Weatherford International in a research note issued to investors on Wednesday, November 20th. Capital One Financial analyst D. Becker now expects that the company will earn $1.48 per share for the quarter, down from their prior estimate of $1.94. The consensus estimate for Weatherford International’s current full-year earnings is $6.91 per share. Capital One Financial also issued estimates for Weatherford International’s Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.73 EPS, Q4 2025 earnings at $1.82 EPS and FY2025 earnings at $6.44 EPS.

Several other brokerages also recently issued reports on WFRD. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday, October 24th. Bank of America reduced their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays decreased their price target on shares of Weatherford International from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Evercore ISI dropped their target price on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Citigroup dropped their price objective on shares of Weatherford International from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $147.29.

Weatherford International Trading Up 0.6 %

WFRD opened at $85.83 on Monday. The firm has a market cap of $6.24 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.72 and a beta of 0.60. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $86.97 and a 200 day moving average of $104.57. Weatherford International has a 12 month low of $77.00 and a 12 month high of $135.00.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share.

Hedge Funds Weigh In On Weatherford International

Several hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Weatherford International in the third quarter worth approximately $571,000. Vestcor Inc increased its holdings in shares of Weatherford International by 131.7% in the 3rd quarter. Vestcor Inc now owns 13,763 shares of the company’s stock valued at $1,169,000 after acquiring an additional 7,823 shares during the last quarter. Barclays PLC lifted its stake in Weatherford International by 59.4% during the third quarter. Barclays PLC now owns 31,349 shares of the company’s stock worth $2,663,000 after purchasing an additional 11,680 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Weatherford International in the third quarter valued at approximately $2,239,000. Finally, XTX Topco Ltd lifted its position in shares of Weatherford International by 79.1% during the 3rd quarter. XTX Topco Ltd now owns 19,133 shares of the company’s stock worth $1,625,000 after buying an additional 8,451 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Buying and Selling

In related news, CAO Desmond J. Mills sold 6,531 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the transaction, the chief accounting officer now directly owns 11,680 shares in the company, valued at approximately $932,764.80. This represents a 35.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David John Reed sold 6,805 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s dividend payout ratio is currently 14.04%.

Weatherford International Company Profile

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.