While Weatherford International plc has overperformed by 1.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WFRD fell by -1.44%, with highs and lows ranging from $135.00 to $82.16, whereas the simple moving average fell by -14.11% in the last 200 days.
On May 14, 2024, Citigroup started tracking Weatherford International plc (NASDAQ: WFRD) recommending Buy. A report published by Barclays on February 28, 2024, Initiated its previous ‘Overweight’ rating for WFRD. BofA Securities also rated WFRD shares as ‘Buy’, setting a target price of $120 on the company’s shares in an initiating report dated November 10, 2023. CapitalOne Initiated an Overweight rating on June 07, 2023, and assigned a price target of $100. Raymond James initiated its ‘Strong Buy’ rating for WFRD, as published in its report on May 03, 2023. The Benchmark Company’s report from February 17, 2023 suggests a price prediction of $88 for WFRD shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Weatherford International plc (WFRD)
The current dividend for WFRD investors is set at $0.25 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 10.28%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Weatherford International plc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 53.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.47, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and WFRD is recording an average volume of 1.02M. On a monthly basis, the volatility of the stock is set at 3.08%, whereas on a weekly basis, it is put at 2.56%, with a gain of 3.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $152.25, showing growth from the present price of $93.32, which can serve as yet another indication of whether WFRD is worth investing in or should be passed over.
How Do You Analyze Weatherford International plc Shares?
Weatherford International plc (WFRD) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Equipment & Services market. When comparing Weatherford International plc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.90, there is a growth in quarterly earnings of 47.78%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.55%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.42% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WFRD shares are owned by institutional investors to the tune of 94.42% at present.
