Capital One Financial Has Negative View of WFRD Q4 Earnings

Weatherford International plc (NASDAQ:WFRD) – Investment analysts at Capital One Financial lowered their Q4 2024 earnings per share estimates for shares of Weatherford International in a note issued to investors on Monday, February 3rd. Capital One Financial analyst D. Becker now forecasts that the company will earn $1.20 per share for the quarter, down from their previous forecast of $1.48. The consensus estimate for Weatherford International’s current full-year earnings is $6.66 per share. Capital One Financial also issued estimates for Weatherford International’s Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.42 EPS, FY2025 earnings at $5.06 EPS and FY2026 earnings at $6.67 EPS.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 46.25% and a net margin of 9.65%.

A number of other brokerages have also issued reports on WFRD. Bank of America lowered their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 14th. Evercore ISI dropped their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a report on Thursday, October 24th. Citigroup lowered their price objective on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, The Goldman Sachs Group downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and cut their target price for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Weatherford International Price Performance

Shares of WFRD stock opened at $65.36 on Thursday. The company has a market capitalization of $4.75 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.35 and a beta of 0.61. The company’s 50-day simple moving average is $71.99 and its two-hundred day simple moving average is $86.90. Weatherford International has a one year low of $60.45 and a one year high of $135.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its position in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after acquiring an additional 204 shares during the period. Farther Finance Advisors LLC grew its stake in Weatherford International by 364.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Weatherford International in the third quarter valued at about $34,000. R Squared Ltd purchased a new position in shares of Weatherford International in the fourth quarter worth about $36,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International during the third quarter worth about $42,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP David John Reed sold 4,762 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the transaction, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. This trade represents a 30.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the sale, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $8,272,507.23. This represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International’s payout ratio is currently 14.04%.

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.