Weatherford International (NASDAQ:WFRD) Stock Gets Price Target Trim from Citigroup

Weatherford International (NASDAQ:WFRD) had its price target reduced by Citigroup from $115.00 to $112.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

WFRD has been the topic of a number of other research reports. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Piper Sandler decreased their price objective on shares of Weatherford International from $118.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday. Zacks Research downgraded Weatherford International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Raymond James Financial lowered their target price on Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, UBS Group dropped their target price 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. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and an average target price of $115.29.

Weatherford International Trading Up 7.8%

NASDAQ WFRD opened at $85.49 on Monday. The stock has a market cap of $6.11 billion, a P/E ratio of 15.24, a PEG ratio of 1.46 and a beta of 1.05. The company’s fifty day simple moving average is $85.86 and its 200-day simple moving average is $92.31. 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 52 week low of $65.13 and a 52 week high of $113.15.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Weatherford International had a net margin of 8.64% and a return on equity of 23.17%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. Equities research analysts predict that Weatherford International will post 5.12 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.2750 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 6th. Weatherford International’s dividend payout ratio is 19.61%.

Insider Activity at Weatherford International

In other news, Director Jacqueline Mutschler sold 4,094 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the sale, the director owned 29,093 shares of the company’s stock, valued at approximately $2,632,916.50. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.07% of the company’s stock.

Institutional Trading of Weatherford International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in Weatherford International by 3,125.3% in the second quarter. Squarepoint Ops LLC now owns 71,731 shares of the company’s stock valued at $5,846,000 after acquiring an additional 69,507 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Weatherford International by 11.9% during the 2nd quarter. Baird Financial Group Inc. now owns 156,542 shares of the company’s stock worth $12,758,000 after acquiring an additional 16,605 shares in the last quarter. Readystate Asset Management LP acquired a new position in Weatherford International during the 2nd quarter worth $15,269,000. California Public Employees Retirement System grew its holdings in Weatherford International by 13.8% during the 1st quarter. California Public Employees Retirement System now owns 171,477 shares of the company’s stock worth $16,218,000 after acquiring an additional 20,803 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Weatherford International by 19.3% in the 2nd quarter. Tidal Investments LLC now owns 89,847 shares of the company’s stock worth $7,323,000 after purchasing an additional 14,537 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Trending Headlines about Weatherford International

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

• Positive Sentiment: Weatherford reported third-quarter adjusted EPS of $1.66, surpassing the $1.33 analyst consensus and rising from $1.12 in the prior-year quarter. Revenue of $1.14 billion also modestly exceeded the $1.13 billion estimate. Weatherford Q3 EPS earnings flash
• Positive Sentiment: The earnings beat was driven primarily by the bottom line: EPS exceeded estimates by roughly 25%, while year-over-year earnings improved despite lower revenue. Reports also highlighted real cash-flow generation, supporting the quality of the results. Weatherford Q3 earnings and cash flow
• Positive Sentiment: The company maintained its quarterly dividend at $0.275 per share, equal to $1.10 annualized and a yield of approximately 1.3%. The dividend supports shareholder returns, although the upcoming ex-dividend date is November 6.
• Neutral Sentiment: Weatherford’s updated fourth-quarter and full-year 2026 revenue guidance were both generally in line with expectations: $1.3 billion for the fourth quarter and $4.7 billion for the full year. This offers limited evidence of an upward revenue revision but reduces the risk of a near-term outlook shortfall.
• Negative Sentiment: Third-quarter revenue fell 7.2% year over year, underscoring continued pressure on top-line growth even though the decline was expected.
• Negative Sentiment: Piper Sandler and Citigroup lowered their expectations for Weatherford’s stock price, potentially limiting investor enthusiasm despite the strong quarterly earnings performance. Piper Sandler lowers Weatherford expectations

Weatherford International Company Profile

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.