WFRD FY2024 EPS Forecast Lowered by Capital One Financial

Weatherford International plc (NASDAQ:WFRD) – Equities researchers at Capital One Financial cut their FY2024 earnings estimates for shares of Weatherford International in a research note issued to investors on Monday, February 3rd. Capital One Financial analyst D. Becker now anticipates that the company will post earnings of $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.

A number of other equities analysts have also issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Weatherford International in a research report on Thursday, October 24th. Citigroup dropped their price target on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Bank of America lowered their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays reduced their target price on Weatherford International from $147.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Evercore ISI dropped their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Weatherford International has a consensus rating of “Moderate Buy” and an average target price of $121.25.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $65.00 on Wednesday. The firm’s 50 day moving average is $72.68 and its two-hundred day moving average is $87.21. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. The company has a market cap of $4.72 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.35 and a beta of 0.61. Weatherford International has a fifty-two week low of $60.45 and a fifty-two week high of $135.00.

Insiders Place Their Bets

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value of $2,944,895.85. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David John Reed sold 4,762 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of Weatherford International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WFRD. Pacer Advisors Inc. boosted its stake in shares of Weatherford International by 551.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company’s stock valued at $122,356,000 after purchasing an additional 1,219,553 shares during the last quarter. FMR LLC lifted its holdings in Weatherford International by 36.7% in the third quarter. FMR LLC now owns 3,573,003 shares of the company’s stock valued at $303,419,000 after buying an additional 959,783 shares during the period. Jennison Associates LLC grew its holdings in Weatherford International by 30.6% during the 3rd quarter. Jennison Associates LLC now owns 1,324,101 shares of the company’s stock worth $112,443,000 after acquiring an additional 310,259 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Weatherford International by 402.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company’s stock valued at $27,555,000 after purchasing an additional 259,924 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Weatherford International by 28.6% during the fourth quarter. Van ECK Associates Corp now owns 917,530 shares of the company’s stock worth $65,723,000 after purchasing an additional 204,317 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.