The Goldman Sachs Group Forecasts Strong Price Appreciation for Weatherford International (NASDAQ:WFRD) Stock

Weatherford International (NASDAQ:WFRD) had its price objective boosted by equities research analysts at The Goldman Sachs Group from $66.00 to $73.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 2.46% from the stock’s previous close.

A number of other equities research analysts have also issued reports on WFRD. Melius Research assumed coverage on Weatherford International in a research report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. Zacks Research upgraded Weatherford International from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Barclays raised their target price on shares of Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Raymond James Financial restated an “outperform” rating and set a $70.00 price target (up previously from $69.00) on shares of Weatherford International in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Weatherford International in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.56.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $71.25 on Wednesday. The company has a 50-day moving average of $66.32 and a 200-day moving average of $56.58. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. Weatherford International has a twelve month low of $36.74 and a twelve month high of $91.82.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Weatherford International

A number of institutional investors have recently modified their holdings of WFRD. IFP Advisors Inc increased its stake in shares of Weatherford International by 14.2% in the second quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $75,000 after acquiring an additional 187 shares during the last quarter. Arizona State Retirement System increased its position in Weatherford International by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 21,431 shares of the company’s stock worth $1,467,000 after purchasing an additional 190 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Weatherford International by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 33,245 shares of the company’s stock worth $1,673,000 after purchasing an additional 225 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Weatherford International by 55.8% during the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock valued at $35,000 after buying an additional 231 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Weatherford International by 69.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Weatherford International

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.