Weatherford International plc (NASDAQ: WFRD) has a price-to-earnings ratio of 19.24x that is above its average ratio. Additionally, the 36-month beta value for WFRD is 1.84. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WFRD is 71.72M and currently, short sellers hold a 4.01% ratio of that float. The average trading volume of WFRD on May 02, 2024 was 842.63K shares.
WFRD) stock’s latest price update
Weatherford International plc (NASDAQ: WFRD) has seen a decline in its stock price by -3.86 in relation to its previous close of 123.62. However, the company has experienced a -4.93% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
WFRD’s Market Performance
Weatherford International plc (WFRD) has experienced a -4.93% fall in stock performance for the past week, with a -3.59% drop in the past month, and a 32.72% rise in the past quarter. The volatility ratio for the week is 3.92%, and the volatility levels for the past 30 days are at 3.82% for WFRD. The simple moving average for the last 20 days is -1.12% for WFRD stock, with a simple moving average of 22.70% for the last 200 days.
Analysts’ Opinion of WFRD
Many brokerage firms have already submitted their reports for WFRD stocks, with Barclays repeating the rating for WFRD by listing it as a “Overweight.” The predicted price for WFRD in the upcoming period, according to Barclays is $135 based on the research report published on February 28, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see WFRD reach a price target of $120. The rating they have provided for WFRD stocks is “Buy” according to the report published on November 10th, 2023.
CapitalOne gave a rating of “Overweight” to WFRD, setting the target price at $100 in the report published on June 07th of the previous year.
WFRD Trading at 3.73% 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 -8.37% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares sank -5.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.29% upper at present.
During the last 5 trading sessions, WFRD fell by -4.93%, which changed the moving average for the period of 200-days by +58.61% in comparison to the 20-day moving average, which settled at $119.82. In addition, Weatherford International plc saw 21.49% 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 SLEDGE CHARLES M, who sale 10,000 shares at the price of $123.47 back on Apr 25 ’24. After this action, SLEDGE CHARLES M now owns 32,729 shares of Weatherford International plc, valued at $1,234,663 using the latest closing price.
Saligram Girish, the President and CEO of Weatherford International plc, sale 60,000 shares at $103.57 during a trade that took place back on Feb 21 ’24, which means that Saligram Girish is holding 146,895 shares at $6,214,136 based on the most recent closing price.
Stock Fundamentals for WFRD
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.34 for the gross margin
The net margin for Weatherford International plc stands at 0.09. The total capital return value is set at 0.24. Equity return is now at value 55.13, with 9.33 for asset returns.
Based on Weatherford International plc (WFRD), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 1.59. The interest coverage ratio of the stock is -7.0.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 1.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.82. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In conclusion, Weatherford International plc (WFRD) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
