A share price of Weatherford International plc [WFRD] is currently trading at $123.27, up 4.17%. 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 3.44% over the last week, with a monthly amount glided 13.08%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, Weatherford Announces First-Quarter 2024 Conference Call. In a post published today on Yahoo Finance, Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024.
From an analyst’s perspective:
Weatherford International plc [NASDAQ: WFRD] stock has seen the most recent analyst activity on February 28, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $135. Previously, BofA Securities started tracking the stock with Buy rating on November 10, 2023, and set its price target to $120. On June 07, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $100 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $100 on May 03, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $88 as its price target on February 17, 2023. In a note dated June 08, 2022, Goldman initiated an Buy rating and provided a target price of $43 on this stock.
Weatherford International plc experienced fluctuations in its stock price throughout the past year between $55.81 and $121.12. Weatherford International plc [NASDAQ: WFRD] shares were valued at $123.27 at the most recent close of the market.
Analyzing the WFRD fundamentals
Trailing Twelve Months sales for Weatherford International plc [NASDAQ:WFRD] were 5.13B which represents 12.66% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.57 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.23.
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 120.21 points at the first support level, and at 117.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.74, and for the 2nd resistance point, it is at 128.21.
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
To put it in perspective, the Current Ratio for Weatherford International plc [NASDAQ:WFRD] is 1.79. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 9.61 and price to earnings (TTM) ratio is 21.82.
Transactions by insiders
Recent insider trading involved Saligram Girish, President and CEO, that happened on Feb 21 ’24 when 60000.0 shares were sold. EVP, Global Product Lines, Sandhu Depinder completed a deal on Feb 15 ’24 to sell 4717.0 shares. Meanwhile, Director Mutschler Jacqueline C sold 3000.0 shares on Feb 15 ’24.
