Q4 EPS Estimates for WFRD Lowered by Capital One Financial

Weatherford International plc (NASDAQ:WFRD) – Analysts at Capital One Financial decreased their Q4 2024 earnings estimates for shares of Weatherford International in a research note issued 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.

Several other research firms have also recently issued reports on WFRD. Citigroup decreased their target price on shares of Weatherford International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Barclays lowered their price target 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. Bank of America dropped their target price on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research report on Thursday, October 24th. Finally, Evercore ISI reduced their target price 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. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $147.29.

Weatherford International Stock Performance

Shares of WFRD opened at $85.83 on Monday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.72 and a beta of 0.60. 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 has a 1 year low of $77.00 and a 1 year high of $135.00. The company’s 50 day simple moving average is $86.97 and its 200 day simple moving average is $104.57.

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

Institutional Investors Weigh In On Weatherford International

A number of institutional investors have recently added to or reduced their stakes in WFRD. Virtu Financial LLC acquired a new position in Weatherford International during the third quarter worth about $571,000. Vestcor Inc lifted its holdings in shares of Weatherford International by 131.7% during the third quarter. Vestcor Inc now owns 13,763 shares of the company’s stock valued at $1,169,000 after purchasing an additional 7,823 shares during the last quarter. Barclays PLC raised its holdings in Weatherford International by 59.4% during the 3rd quarter. Barclays PLC now owns 31,349 shares of the company’s stock worth $2,663,000 after buying an additional 11,680 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Weatherford International during the third quarter valued at about $2,239,000. Finally, XTX Topco Ltd increased its position in shares of Weatherford International by 79.1% in the third quarter. XTX Topco Ltd now owns 19,133 shares of the company’s stock worth $1,625,000 after acquiring an additional 8,451 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP David John Reed sold 6,805 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $79.86, for a total transaction of $521,565.66. Following the sale, the chief accounting officer now owns 11,680 shares in the company, valued at approximately $932,764.80. This represents a 35.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s payout ratio is currently 14.04%.

About Weatherford International

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.