Weatherford International plc [WFRD] stock prices are down -0.66% to $105.03 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WFRD shares have gain 3.37% over the last week, with a monthly amount glided 5.87%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Weatherford Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%.
From an analyst’s perspective:
Weatherford International plc [NASDAQ: WFRD] stock has seen the most recent analyst activity on November 10, 2023, when BofA Securities initiated its Buy rating and assigned the stock a price target of $120. Previously, CapitalOne started tracking the stock with Overweight rating on June 07, 2023, and set its price target to $100. On May 03, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $100 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $88 on February 17, 2023. Goldman started tracking with a Buy rating for this stock on June 08, 2022, and assigned it a price target of $43. In a note dated June 08, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $49 on this stock.
The stock price of Weatherford International plc [WFRD] has been fluctuating between $51.46 and $108.27 over the past year. Weatherford International plc [NASDAQ: WFRD] shares were valued at $105.03 at the most recent close of the market.
Analyzing the WFRD fundamentals
The Weatherford International plc [NASDAQ:WFRD] reported sales of 5.13B for trailing twelve months, representing a surge of 12.66%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 104.21 points at the first support level, and at 103.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.81, and for the 2nd resistance point, it is at 106.59.
Weatherford International plc [WFRD] reported earnings per share of $1.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.36/share, meaning a difference of $0.54 and a surprise factor of 39.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.66 per share as compared to estimates of $1.22 per share, a difference of $0.44 representing a surprise of 36.10%.
Ratios To Look Out For
It’s worth pointing out that Weatherford International plc [NASDAQ:WFRD]’s Current Ratio is 1.79. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 8.18 and price to earnings (TTM) ratio is 18.59.
Transactions by insiders
Recent insider trading involved Saligram Girish, President and CEO, that happened on Feb 21 when 60000.0 shares were sold. EVP, Global Product Lines, Sandhu Depinder completed a deal on Feb 15 to sell 4717.0 shares. Meanwhile, Director Mutschler Jacqueline C sold 3000.0 shares on Feb 15.
