Weatherford International plc (NASDAQ: WFRD) has a higher price-to-earnings ratio of 28.07x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.06. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Weatherford International plc (WFRD) is $110.83, which is $14.12 above the current market price. The public float for WFRD is 65.85M, and currently, short sellers hold a 3.95% ratio of that float. The average trading volume of WFRD on September 18, 2023 was 847.97K shares.
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WFRD) stock’s latest price update
Weatherford International plc (NASDAQ: WFRD)’s stock price has increased by 1.60 compared to its previous closing price of 95.19. However, the company has seen a 2.59% increase in its stock price over the last five trading sessions. MarketBeat reported 2023-08-18 that Among the gainers were oilfield services providers Schlumberger Ltd. NYSE: SLB and Halliburton Co. NYSE: HAL, both of which have come on strong in the past three months.
WFRD’s Market Performance
Weatherford International plc (WFRD) has experienced a 2.59% rise in stock performance for the past week, with a 14.11% rise in the past month, and a 56.82% rise in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.94% for WFRD. The simple moving average for the last 20 days is 8.30% for WFRD stock, with a simple moving average of 50.68% for the last 200 days.
Analysts’ Opinion of WFRD
Many brokerage firms have already submitted their reports for WFRD stocks, with CapitalOne repeating the rating for WFRD by listing it as a “Overweight.” The predicted price for WFRD in the upcoming period, according to CapitalOne is $100 based on the research report published on June 07, 2023 of the current year 2023.
WFRD Trading at 16.03% from the 50-Day Moving Average
After a stumble in the market that brought WFRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.04% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +15.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.77% upper at present.
During the last 5 trading sessions, WFRD rose by +2.59%, which changed the moving average for the period of 200-days by +125.85% in comparison to the 20-day moving average, which settled at $89.93. In addition, Weatherford International plc saw 89.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WFRD starting from Saligram Girish, who sale 50,750 shares at the price of $59.34 back on May 23. After this action, Saligram Girish now owns 894,909 shares of Weatherford International plc, valued at $3,011,454 using the latest closing price.
Mills Desmond J, the SVP & Chief Accounting Officer of Weatherford International plc, sale 15,000 shares at $57.42 during a trade that took place back on May 18, which means that Mills Desmond J is holding 26,761 shares at $861,300 based on the most recent closing price.
Stock Fundamentals for WFRD
Current profitability levels for the company are sitting at:
- +10.14 for the present operating margin
- +30.27 for the gross margin
The net margin for Weatherford International plc stands at +0.60. The total capital return value is set at 14.46, while invested capital returns managed to touch 0.89. Equity return is now at value 46.20, with 5.40 for asset returns.
Based on Weatherford International plc (WFRD), the company’s capital structure generated 450.28 points at debt to equity in total, while total debt to capital is 81.83. Total debt to assets is 51.04, with long-term debt to equity ratio resting at 433.64. Finally, the long-term debt to capital ratio is 78.80.
When we switch over and look at the enterprise to sales, we see a ratio of 1.73, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 4.78 and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
To put it simply, Weatherford International plc (WFRD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
