The stock of Weatherford International plc (WFRD) has gone down by -9.67% for the week, with a -12.30% drop in the past month and a -29.65% drop in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are 3.30% for WFRD. The simple moving average for the past 20 days is -6.75% for WFRD’s stock, with a -23.51% simple moving average for the past 200 days.
Is It Worth Investing in Weatherford International plc (NASDAQ: WFRD) Right Now?
Weatherford International plc (NASDAQ: WFRD) has a higher price-to-earnings ratio of 11.65x compared to its average ratio, The 36-month beta value for WFRD is at 1.75. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WFRD is 71.51M, and currently, shorts hold a 2.61% of that float. The average trading volume for WFRD on October 23, 2024 was 1.00M shares.
WFRD) stock’s latest price update
Weatherford International plc (NASDAQ: WFRD)’s stock price has gone decline by -1.35 in comparison to its previous close of 83.97, however, the company has experienced a -9.67% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-23 that Weatherford International plc (NASDAQ:WFRD ) Q3 2024 Earnings Conference Call October 23, 2024 8:30 AM ET Company Participants Luke Lemoine – SVP, Corporate Development and IR Girish Saligram – President & CEO Arun Mitra – EVP & CFO Conference Call Participants David Anderson – Barclays James West – Evercore Scott Gruber – Citigroup Ati Modak – Goldman Sachs Jim Rollyson – Raymond James Saurabh Pant – Bank of America Kurt Hallead – Benchmark Doug Becker – Capital One Joshua Chan – Daniel Energy Partners Operator Thank you. Ladies and gentlemen, thank you for standing by.
Analysts’ Opinion of WFRD
Many brokerage firms have already submitted their reports for WFRD stocks, with Citigroup repeating the rating for WFRD by listing it as a “Buy.” The predicted price for WFRD in the upcoming period, according to Citigroup is $155 based on the research report published on May 14, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see WFRD reach a price target of $135. The rating they have provided for WFRD stocks is “Overweight” according to the report published on February 28th, 2024.
BofA Securities gave a rating of “Buy” to WFRD, setting the target price at $120 in the report published on November 10th of the previous year.
WFRD Trading at -12.39% 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 -38.64% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -4.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.38% lower at present.
During the last 5 trading sessions, WFRD fell by -9.10%, which changed the moving average for the period of 200-days by -10.59% in comparison to the 20-day moving average, which settled at $88.86. In addition, Weatherford International plc saw -15.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WFRD starting from Reed David John, who sale 6,805 shares at the price of $93.96 back on Sep 05 ’24. After this action, Reed David John now owns 0 shares of Weatherford International plc, valued at $639,390 using the latest closing price.
Reed David John, the Officer of Weatherford International plc, proposed sale 6,805 shares at $93.96 during a trade that took place back on Sep 05 ’24, which means that Reed David John is holding shares at $639,391 based on the most recent closing price.
Stock Fundamentals for WFRD
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.51 for the gross margin
The net margin for Weatherford International plc stands at 0.1. The total capital return value is set at 0.26. Equity return is now at value 50.91, with 10.25 for asset returns.
Based on Weatherford International plc (WFRD), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 1.22. The interest coverage ratio of the stock is -6.22.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In conclusion, Weatherford International plc (WFRD) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
