WFRD FY2024 EPS Estimate Decreased by Capital One Financial

Weatherford International plc (NASDAQ:WFRD) – Analysts at Capital One Financial decreased their FY2024 earnings estimates for Weatherford International in a research note issued to investors on Monday, February 3rd. Capital One Financial analyst D. Becker now forecasts that the company will earn $6.45 per share for the year, down from their previous estimate of $6.73. 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 Q4 2025 earnings at $1.57 EPS, Q1 2026 earnings at $1.39 EPS, Q2 2026 earnings at $1.65 EPS, Q3 2026 earnings at $1.76 EPS and Q4 2026 earnings at $1.88 EPS.

WFRD has been the subject of a number of other reports. Bank of America dropped their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Citigroup reduced their price objective on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Piper Sandler assumed coverage on shares of Weatherford International in a research report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price target on the stock. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Weatherford International in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $98.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Weatherford International presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Weatherford International Stock Performance

WFRD opened at $65.25 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. Weatherford International has a 12-month low of $60.45 and a 12-month high of $135.00. The business has a 50 day moving average of $72.33 and a 200-day moving average of $87.06. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.35 and a beta of 0.61.

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

Insider Buying and Selling

In other news, EVP David John Reed sold 4,762 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the sale, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at approximately $807,179.94. This represents a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the 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 completion of the sale, the executive vice president now owns 125,019 shares in the company, valued at $8,272,507.23. This represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Weatherford International

Several institutional investors and hedge funds have recently made changes to their positions in WFRD. Norden Group LLC increased its stake in Weatherford International by 33.4% in the 4th quarter. Norden Group LLC now owns 6,206 shares of the company’s stock worth $445,000 after purchasing an additional 1,553 shares during the period. New York Life Investment Management LLC purchased a new position in shares of Weatherford International in the fourth quarter valued at about $546,000. Bank of New York Mellon Corp raised its stake in shares of Weatherford International by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 719,192 shares of the company’s stock valued at $51,516,000 after acquiring an additional 109,783 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Weatherford International by 11,606.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,873 shares of the company’s stock worth $134,000 after purchasing an additional 1,857 shares during the period. Finally, Rhumbline Advisers increased its holdings in Weatherford International by 1.7% during the 4th quarter. Rhumbline Advisers now owns 208,837 shares of the company’s stock valued at $14,959,000 after purchasing an additional 3,589 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.