Weatherford International plc [WFRD] stock prices are up 2.49% to $81.78 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WFRD shares have gain 3.31% over the last week, with a monthly amount drifted -11.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Weatherford International plc [NASDAQ: WFRD] stock has seen the most recent analyst activity on May 14, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $155. Previously, Barclays started tracking the stock with Overweight rating on February 28, 2024, and set its price target to $135. On November 10, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $120 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $100 on June 07, 2023. Raymond James initiated its recommendation with a Strong Buy and recommended $100 as its price target on May 03, 2023. The Benchmark Company started tracking with a Buy rating for this stock on February 17, 2023, and assigned it a price target of $88.
The stock price of Weatherford International plc [WFRD] has been fluctuating between $77.00 and $135.00 over the past year. Currently, Wall Street analysts expect the stock to reach $156.67 within the next 12 months. Weatherford International plc [NASDAQ: WFRD] shares were valued at $81.78 at the most recent close of the market. An investor can expect a potential return of 91.57% based on the average WFRD price forecast.
Analyzing the WFRD fundamentals
The Weatherford International plc [NASDAQ:WFRD] reported sales of 5.53B for trailing twelve months, representing a surge of 7.31%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.47 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
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 80.61 points at the first support level, and at 79.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.79, and for the 2nd resistance point, it is at 83.81.
Ratios To Look Out For
It’s worth pointing out that Weatherford International plc [NASDAQ:WFRD]’s Current Ratio is 2.04. As well, the Quick Ratio is 1.49, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 4.42 and price to earnings (TTM) ratio is 11.46.
Transactions by insiders
Recent insider trading involved Mills Desmond J, SVP & Chief Accounting Officer, that happened on Oct 25 ’24 when 6531.0 shares were sold. Officer, Mills Desmond J completed a deal on Oct 25 ’24 to buy 6531.0 shares. Meanwhile, EVP, Chief Commercial Officer Reed David John sold 6805.0 shares on Sep 05 ’24.
