While Weatherford International plc has underperformed by -4.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WFRD fell by -16.43%, with highs and lows ranging from $135.00 to $80.54, whereas the simple moving average fell by -28.57% 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)
Investors in Weatherford International plc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.25 per share. Further, the quarter-over-quarter increase in sales is 7.31%, showing a positive trend in the upcoming months.
One of the most important indicators of Weatherford International plc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 51.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.49, 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.
For any stock, average volume can also provide valuable insight into volatility, and WFRD is recording 1.03M average volume. On a monthly basis, the volatility of the stock is set at 3.53%, whereas on a weekly basis, it is put at 5.60%, with a loss of -15.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $138.25, showing growth from the present price of $77.31, 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?
The Oil & Gas Equipment & Services market is dominated by Weatherford International plc (WFRD) based in the USA. 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 10.83, there is a growth in quarterly earnings of 25.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 94.61% 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 94.61% at present.
