Weatherford International plc (NASDAQ:WFRD) Is 18.93% Higher Than A Week Ago, Can It Hit Well Above $5.19? – Marketing Sentinel
Home  »  Science   »  Weatherford International plc (NASDAQ:WFRD) Is 18....

Weatherford International plc (NASDAQ:WFRD) Is 18.93% Higher Than A Week Ago, Can It Hit Well Above $5.19?

In last trading session, Weatherford International plc (NASDAQ:WFRD) saw 0.34 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $32.61 trading at $2.89 or 9.72% at ring of the bell on the day assigns it a market valuation of $2.36B. That closing price of WFRD’s stock is at a discount of -7.18% from its 52-week high price of $34.95 and is indicating a premium of 81.29% from its 52-week low price of $6.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.22 million shares which gives us an average trading volume of 319.83K if we extend that period to 3-months.

For Weatherford International plc (WFRD), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.67 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Weatherford International plc (NASDAQ:WFRD) trade information

Upright in the green during last session for gaining 9.72%, in the last five days WFRD remained trading in the green while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $32.61 price level, adding 0.28% to its value on the day. Weatherford International plc’s shares saw a change of 17.64% in year-to-date performance and have moved 18.93% in past 5-day. Weatherford International plc (NASDAQ:WFRD) showed a performance of 26.35% in past 30-days. Number of shares sold short was 0.38 million shares which calculate 1.13 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $50.50 to the stock, which implies a rise of 35.43% to its current value. Analysts have been projecting $46.00 as a low price target for the stock while placing it at a high target of $55.00. It follows that stock’s current price would drop -68.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -41.06% for stock’s current value.

Weatherford International plc (WFRD) estimates and forecasts

The company is estimating its revenue growth to increase by 67.00% in the current quarter and calculating 68.10% increase in the next quarter. This year revenue growth is estimated to fall -1.10% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $961.5 million for the same. And 2 analysts are in estimates of company making revenue of $968.5 million in the next quarter that will end on Mar 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.90% during past 5 years.

WFRD Dividends

Weatherford International plc is more likely to be releasing its next quarterly report between February 15 and February 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Weatherford International plc (NASDAQ:WFRD)’s Major holders

Insiders are in possession of 6.96% of company’s total shares while institution are holding 87.56 percent of that, with stock having share float percentage of 94.11%. Investors also watch the number of corporate investors in a company very closely, which is 87.56% institutions for Weatherford International plc that are currently holding shares of the company. Franklin Resources, Inc. is the top institutional holder at WFRD for having 12.85 million shares of worth $252.69 million. And as of Sep 29, 2021, it was holding 1.28% of the company’s outstanding shares.

The second largest institutional holder is Oaktree Capital Management Lp, which was holding about 6.26 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 0.62% of outstanding shares, having a total worth of $123.22 million.

>> 7 Top Picks for the Post-Pandemic Economy <<

On the other hand, Growth Fund Of America Inc and AMG Yacktman Fd are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 4.32 million shares of worth $84.96 million or 0.43% of the total outstanding shares. The later fund manager was in possession of 3.9 million shares on Sep 29, 2021, making its stake of worth around $76.71 million in the company or a holder of 0.39% of company’s stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts



Download Free eBook For



100% free. stop anytime no spam