Weatherford International plc (WFRD) stock price forecast predicts $90.00 value

As of right now, Weatherford International plc [WFRD] is trading at $59.27, down -2.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WFRD shares have gain 1.04% over the last week, with a monthly amount drifted -4.03%, and not seem to be holding up well over a long-time horizon.

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On 25, April 2023, Weatherford Announces First Quarter 2023 Results. In a post published today on Yahoo Finance, Revenues of $1,186 million increased 26% year-over-year.

From an analyst’s perspective:

Through the last year, Weatherford International plc’s stock price ranged from $16.96 to $70.18. Currently, Wall Street analysts expect the stock to reach $90.00 within the next 12 months. Weatherford International plc [NASDAQ: WFRD] shares were valued at $59.27 at the most recent close of the market. An investor can expect a potential return of 51.85% based on the average WFRD price forecast.

Analyzing the WFRD fundamentals

For Weatherford International plc, (WFRD), the latest quarter sales were 1.19 billion, which represents an 26.40% increase. In the same period, the company’s revenue per employee was $244,689, whereas its income per employee was $1,469. Gross Margin for this corporation currently stands at +30.27% with Operating Margin at +10.14%, Pretax Margin comes in at +3.19%, and Net Margin reading is +0.60%. To continue investigating profitability, this company’s Return on Assets is posted at 0.55, Equity is 5.16, Total Capital is 14.46, and Invested Capital is 0.89. An extended look at the Principal structure reveals enduring liabilities to the total capital of 81.83 and enduring liabilities to assets of 51.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.42 points at the first support level, and at 57.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.97, and for the 2nd resistance point, it is at 60.68.

Weatherford International plc [WFRD] reported earnings per share of $0.97 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.12 and a surprise factor of 14.10%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.99 per share as compared to estimates of $0.72 per share, a difference of $0.27 representing a surprise of 37.50%.

Ratios To Look Out For

It is important to note that Weatherford International plc [NASDAQ:WFRD] has a current ratio of 2.00. Further, the Quick Ratio stands at 1.60, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 6.76 and the P/E (TTM) ratio is 24.65.

Transactions by insiders

Insider trading, which has resulted in 2 insider purchases of 38,004 shares and 3 insider sales of 29,954 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Saligram Girish, President and CEO, that happened on May 23 when 50750.0 shares were sold. SVP & Chief Accounting Officer, Mills Desmond J completed a deal on May 18 to sell 15000.0 shares. Meanwhile, EVP & Chief People Officer Mongrain Joseph H sold 15000.0 shares on Mar 02.