Q4 EPS Estimate for Weatherford International Cut by Analyst

Weatherford International plc (NASDAQ:WFRD) – Investment analysts at Capital One Financial reduced their Q4 2024 EPS estimates for shares of Weatherford International in a note issued to investors on Wednesday, November 20th. Capital One Financial analyst D. Becker now expects that the company will post earnings of $1.48 per share for the quarter, down from their previous 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.

Other research analysts also recently issued reports about the stock. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a research report on Thursday, October 24th. 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. Citigroup cut their price objective on Weatherford International from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Bank of America reduced their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Barclays dropped their target price on Weatherford International from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $147.29.

Weatherford International Price Performance

Shares of WFRD opened at $84.38 on Monday. The business’s 50-day moving average is $86.80 and its 200-day moving average is $104.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.72 and a beta of 0.60. Weatherford International has a fifty-two week low of $77.00 and a fifty-two week high of $135.00.

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

Weatherford International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.19%. Weatherford International’s dividend payout ratio is currently 14.04%.

Insider Transactions at Weatherford International

In other news, CAO Desmond J. Mills sold 6,531 shares of the business’s stock in a transaction on Friday, October 25th. The shares were 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 directly owns 11,680 shares in the company, valued at approximately $932,764.80. The trade was a 35.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David John Reed sold 6,805 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Weatherford International

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its holdings in Weatherford International by 39.3% in the 3rd quarter. Tidal Investments LLC now owns 7,173 shares of the company’s stock valued at $609,000 after buying an additional 2,022 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Weatherford International in the third quarter valued at approximately $571,000. Vestcor Inc boosted its position in shares of Weatherford International by 131.7% in the third quarter. Vestcor Inc now owns 13,763 shares of the company’s stock valued at $1,169,000 after acquiring an additional 7,823 shares during the period. Barclays PLC grew its stake in shares of Weatherford International by 59.4% in the third quarter. Barclays PLC now owns 31,349 shares of the company’s stock worth $2,663,000 after acquiring an additional 11,680 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Weatherford International during the third quarter worth $2,239,000. 97.23% of the stock is currently owned by institutional investors.

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.