The Goldman Sachs Group Boosts Weatherford International (NASDAQ:WFRD) Price Target to $73.00
The Goldman Sachs Group raised its price target for Weatherford International (NASDAQ:WFRD) from $66.00 to $73.00, maintaining a "neutral" rating. This suggests a potential downside of 1.04% from the current price. Other analysts have also adjusted their targets, with Barclays setting it at $81.00 and Raymond James at $70.00. Weatherford's stock recently traded at $73.77, with a market cap of $5.29 billion. The company reported earnings of $1.12 per share, missing estimates, and had a revenue of $1.23 billion for the last quarter.
Weatherford International (NASDAQ:WFRD - Get Free Report) had its target price hoisted by equities researchers at The Goldman Sachs Group from $66.00 to $73.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target suggests a potential downside of 1.04% from the company's current price.
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Several other analysts have also issued reports on the company. Barclays increased their price objective on Weatherford International from $73.00 to $81.00 and gave the stock an "overweight" rating in a report on Friday, October 24th. Raymond James Financial reiterated an "outperform" rating and issued a $70.00 price target (up previously from $69.00) on shares of Weatherford International in a report on Thursday, July 24th. Melius Research initiated coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a "buy" rating and a $108.00 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of Weatherford International in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their price target on Weatherford International from $79.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.56.
Get Our Latest Stock Report on WFRD
Weatherford International Stock Up 0.4%
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Shares of NASDAQ:WFRD traded up $0.28 on Wednesday, hitting $73.77. 149,361 shares of the company's stock were exchanged, compared to its average volume of 1,205,014. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 2.07. Weatherford International has a 1-year low of $36.74 and a 1-year high of $91.82. The company has a market capitalization of $5.29 billion, a PE ratio of 13.36, a P/E/G ratio of 1.84 and a beta of 0.79. The firm's 50-day moving average is $65.99 and its 200 day moving average is $56.36.
Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by ($0.03). The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The firm's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Weatherford International will post 5.89 EPS for the current year.
Institutional Investors Weigh In On Weatherford International
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Several hedge funds have recently added to or reduced their stakes in WFRD. Quent Capital LLC purchased a new stake in shares of Weatherford International in the third quarter worth $26,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Weatherford International during the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Weatherford International by 83.5% in the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company's stock valued at $28,000 after buying an additional 253 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Weatherford International by 69.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company's stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Finally, American National Bank & Trust grew its stake in Weatherford International by 2,392.0% during the 2nd quarter. American National Bank & Trust now owns 623 shares of the company's stock worth $31,000 after buying an additional 598 shares during the last quarter. 97.23% of the stock is owned by institutional investors.
Weatherford International Company Profile
(Get Free Report)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.
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