Weatherford International (NASDAQ:WFRD) Posts Earnings Results, Beats Expectations By $0.33 EPS

Weatherford International (NASDAQ:WFRD) announced its earnings results on Tuesday. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33, FiscalAI reports. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $1.12 EPS. The business’s revenue was down 7.2% compared to the same quarter last year.

Weatherford International Price Performance

Weatherford International stock opened at $79.34 on Wednesday. The firm has a 50-day moving average price of $86.00 and a 200-day moving average price of $92.38. The firm has a market capitalization of $5.67 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. Weatherford International has a 12-month low of $64.67 and a 12-month high of $113.15.

Weatherford International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be issued a $0.2750 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 6th. Weatherford International’s dividend payout ratio (DPR) is 21.70%.

Insider Buying and Selling

In related news, Director Neal Goldman sold 16,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $84.84, for a total transaction of $1,357,440.00. Following the transaction, the director directly owned 12,187 shares in the company, valued at approximately $1,033,945.08. This represents a 56.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Duster, IV sold 6,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $86.09, for a total transaction of $516,540.00. Following the completion of the sale, the director directly owned 11,187 shares in the company, valued at $963,088.83. This trade represents a 34.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,094 shares of company stock valued at $2,244,487. Company insiders own 2.08% of the company’s stock.

Trending Headlines about Weatherford International

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Q3 earnings beat expectations: Weatherford reported adjusted earnings of $1.66 per share, well above the $1.33 consensus estimate and up from $1.12 a year earlier. Revenue of $1.14 billion also modestly exceeded forecasts. The earnings beat was supported by strong profitability and cash flow. Weatherford Q3 earnings flash
• Positive Sentiment: Dividend maintained: Weatherford declared a quarterly dividend of $0.275 per share, payable December 3 to shareholders of record November 6. The $1.10 annualized payout represents a yield of approximately 1.4% and reinforces the company’s capital-return policy.
• Positive Sentiment: Analysts remain constructive: Piper Sandler maintained an overweight/buy stance, while Citigroup retained a buy rating. Despite lowering their targets, both firms’ revised targets of $110 and $112 remain substantially above recent trading levels. Piper Sandler rating
• Neutral Sentiment: Potential international activity: Increasing oilfield hiring and investment in Venezuela could provide a longer-term opportunity for oilfield-services companies such as Weatherford, though the immediate financial impact is uncertain. Venezuela oilfield investment
• Negative Sentiment: Revenue declined: Third-quarter revenue fell 7.2% year over year, suggesting softer activity or pricing despite the earnings beat and higher EPS.
• Negative Sentiment: Price targets were reduced: Piper Sandler cut its target from $118 to $110, while Citigroup lowered its target from $115 to $112. Although both firms remain bullish, the reductions signal more cautious expectations for future upside. Piper Sandler target reduction Citigroup target reduction

Analyst Upgrades and Downgrades

Several research firms recently commented on WFRD. Wall Street Zen lowered Weatherford International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. UBS Group decreased their price objective on Weatherford International from $120.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weatherford International in a research note on Monday, October 12th. Zacks Research lowered Weatherford International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Finally, Piper Sandler dropped their target price on Weatherford International from $118.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

About Weatherford International

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.