WFRD Q4 EPS Forecast Reduced by Capital One Financial

Weatherford International plc (NASDAQ:WFRD) – Stock analysts at Capital One Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Weatherford International in a note issued to investors on Wednesday, November 20th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings per share of $1.48 for the quarter, down from their prior forecast 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 analysts have also recently issued reports about the stock. Benchmark restated a “buy” rating and set a $155.00 target price on shares of Weatherford International in a report on Thursday, October 24th. Citigroup reduced their target price on Weatherford International from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Evercore ISI reduced their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays reduced their target price on Weatherford International from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Bank of America dropped their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $147.29.

Weatherford International Trading Down 2.8 %

NASDAQ:WFRD opened at $81.99 on Monday. The business has a fifty day moving average of $86.80 and a 200-day moving average of $104.28. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.72 and a beta of 0.60. Weatherford International has a 1 year low of $77.00 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $1.66 EPS. The business’s revenue was up 7.3% on a year-over-year basis.

Weatherford International Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 6th. Weatherford International’s dividend payout ratio (DPR) is currently 14.04%.

Insider Transactions at Weatherford International

In other Weatherford International news, CAO Desmond J. Mills sold 6,531 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $79.86, for a total transaction 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 $932,764.80. This trade represents a 35.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David John Reed sold 6,805 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WFRD. Farther Finance Advisors LLC increased its stake in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after acquiring an additional 281 shares during the last quarter. nVerses Capital LLC acquired a new stake in Weatherford International during the 3rd quarter valued at approximately $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International during the third quarter worth $42,000. Fifth Third Bancorp grew its holdings in Weatherford International by 31.0% during the 2nd quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock worth $44,000 after acquiring an additional 85 shares during the period. Finally, GAMMA Investing LLC grew its stake in Weatherford International by 36.9% during the third quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after purchasing an additional 141 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.