In the last trading session, 1.3 million shares of the Weatherford International plc (NASDAQ:WFRD) were traded, and its beta was 1.63. Most recently the company’s share price was $43.49, and it changed around $0.49 or 1.14% from the last close, which brings the market valuation of the company to $3.17B. WFRD currently trades at a discount to its 52-week high of $135.00, offering almost -210.42% off that amount. The share price’s 52-week low was $36.74, which indicates that the current value has risen by an impressive 15.52% since then. We note from Weatherford International plc’s average daily trading volume that its 10-day average is 2.06 million shares, with the 3-month average coming to 1.53 million.
Weatherford International plc stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended WFRD as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Weatherford International plc is expected to report earnings per share of 0.89 for the current quarter.
Weatherford International plc (NASDAQ:WFRD) trade information
Instantly WFRD has showed a green trend with a performance of 1.14% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 46.76 on recent trading dayincreased the stock’s daily price by 6.99%. The company’s shares are currently down -39.29% year-to-date, but still up 6.75% over the last five days. On the other hand, Weatherford International plc (NASDAQ:WFRD) is -18.11% down in the 30-day period. We can see from the shorts that 2.48 million shares have been sold at a short interest cover period of 1.66 day(s).
The consensus price target as assigned by Wall Street analysts is $114.5, which translates to bulls needing to increase their stock price by 62.02% from its current value. Analyst projections state that WFRD is forecast to be at a low of $87 and a high of $142.
Weatherford International plc (WFRD) estimates and forecasts
The year-over-year growth rate is expected to be -6.73%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.2B in revenue for the current quarter. 7 analysts expect Weatherford International plc to make 1.28B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.36B and 1.41B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.00%. Forecasts for the next quarter put sales growth at -9.22%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.50%. Weatherford International plc earnings are expected to increase by -16.08% in 2025, but the outlook is positive 4.64% per year for the next five years.
WFRD Dividends
Weatherford International plc’s next quarterly earnings report is expected to be released on 2025-Feb-04. The annual dividend yield of the stock is 1.72 percent and its annual dividend per share was 0.75. It is important to note, however, that the 1.72% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Weatherford International plc (NASDAQ:WFRD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.92% of Weatherford International plc shares, and 100.19% of them are in the hands of institutional investors. The stock currently has a share float of 102.15%. Weatherford International plc stock is held by 497.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.1799% of the shares, which is about 7.42 million shares worth $908.72 million.
PRICE T ROWE ASSOCIATES INC /MD/, with 10.1241% or 7.38 million shares worth $903.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
GROWTH FUND OF AMERICA and T. Rowe Price New Horizons Fund, Inc. were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.72 shares worth $205.38 million, making up 6.55% of all outstanding shares. On the other hand, T. Rowe Price New Horizons Fund, Inc. held roughly 2.99 shares worth around $129.99 million, which represents about 4.15% of the total shares outstanding.
