Research Analysts Offer Predictions for WFRD Q4 Earnings

Weatherford International plc (NASDAQ:WFRD) – Capital One Financial lowered their Q4 2024 earnings per share estimates for Weatherford International in a research report issued on Wednesday, November 20th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings per share of $1.48 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.

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

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

Weatherford International Trading Down 2.8 %

WFRD opened at $81.99 on Monday. The firm has a market capitalization of $5.96 billion, a PE ratio of 11.52, a P/E/G ratio of 0.72 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. Weatherford International has a fifty-two week low of $77.00 and a fifty-two week high of $135.00. The company’s 50-day moving average is $86.80 and its 200 day moving average is $104.28.

Institutional Investors Weigh In On Weatherford International

Several institutional investors and hedge funds have recently bought and sold shares of WFRD. Farther Finance Advisors LLC lifted its holdings in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after buying an additional 281 shares during the period. nVerses Capital LLC bought a new stake in Weatherford International in the third quarter worth $34,000. Millburn Ridgefield Corp bought a new position in Weatherford International in the 3rd quarter worth about $42,000. Fifth Third Bancorp lifted its stake in shares of Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock worth $44,000 after buying an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Weatherford International by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock valued at $44,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Buying and Selling

In other news, CAO Desmond J. Mills sold 6,531 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now owns 11,680 shares of the company’s stock, valued at approximately $932,764.80. The trade was a 35.86 % decrease in their position. 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 business’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 owned by company insiders.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. 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.