While Weatherford International plc has underperformed by -4.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WFRD fell by -11.95%, with highs and lows ranging from $135.00 to $77.00, whereas the simple moving average fell by -20.67% 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)
WFRD currently pays a dividend of $0.50 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 7.31%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Weatherford International plc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 977.60K can be a very valuable indicator of volatility for WFRD stock. On a monthly basis, the volatility of the stock is set at 3.94%, whereas on a weekly basis, it is put at 3.61%, with a loss of -4.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $137.62, showing growth from the present price of $85.23, 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 USA based company Weatherford International plc (WFRD) is one of the biggest names in Oil & Gas Equipment & Services. 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 11.94, there is a growth in quarterly earnings of 25.60%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 95.42% 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 95.42% at present.
