Weatherford International’s (WFRD) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Weatherford International (NASDAQ:WFRD) in a research report sent to investors on Friday morning,Weiss Ratings reports.

Several other equities analysts have also issued reports on WFRD. Melius initiated coverage on Weatherford International in a research report on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price target for the company. Piper Sandler raised their price objective on shares of Weatherford International from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets began coverage on shares of Weatherford International in a report on Friday, October 10th. They issued an “outperform” rating and a $82.00 target price for the company. Melius Research started coverage on shares of Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 price target on the stock. Finally, Zacks Research raised shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.33.

Weatherford International Stock Performance

Shares of WFRD opened at $70.40 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. The stock has a market cap of $5.05 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.77 and a beta of 0.79. The business’s 50 day moving average price is $64.03 and its 200-day moving average price is $54.88. Weatherford International has a 52 week low of $36.74 and a 52 week high of $91.82.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 6th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Weatherford International’s payout ratio is currently 18.12%.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in Weatherford International by 1,002.0% during the 1st quarter. Signaturefd LLC now owns 1,091 shares of the company’s stock valued at $58,000 after buying an additional 992 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Weatherford International during the first quarter valued at $445,000. Algert Global LLC bought a new position in Weatherford International in the first quarter valued at about $522,000. GAMMA Investing LLC boosted its position in Weatherford International by 55.8% in the first quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock worth $35,000 after purchasing an additional 231 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Weatherford International during the 1st quarter valued at about $419,000. Hedge funds and other institutional investors 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.