Weatherford International plc (NASDAQ: WFRD) has seen a rise in its stock price by 3.51 in relation to its previous close of 82.43. However, the company has experienced a 2.18% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-07 that HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. The project is slated to begin in the fourth quarter of 2024, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.
Is It Worth Investing in Weatherford International plc (NASDAQ: WFRD) Right Now?
Weatherford International plc (NASDAQ: WFRD) has a price-to-earnings ratio that is above its average at 11.95x. The stock has a 36-month beta value of 1.76. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for WFRD is 71.52M, and at present, short sellers hold a 2.94% of that float. On November 22, 2024, the average trading volume of WFRD was 976.21K shares.
WFRD’s Market Performance
WFRD’s stock has seen a 2.18% increase for the week, with a 5.13% rise in the past month and a -21.01% fall in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 3.68% for Weatherford International plc The simple moving average for the past 20 days is 2.46% for WFRD’s stock, with a -20.47% simple moving average for the past 200 days.
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 -2.03% 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 -36.80% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.31% lower at present.
During the last 5 trading sessions, WFRD rose by +2.18%, which changed the moving average for the period of 200-days by -9.19% in comparison to the 20-day moving average, which settled at $83.28. In addition, Weatherford International plc saw -12.79% 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 Mills Desmond J, who sale 6,531 shares at the price of $79.86 back on Oct 25 ’24. After this action, Mills Desmond J now owns 11,680 shares of Weatherford International plc, valued at $521,566 using the latest closing price.
Mills Desmond J, the Officer of Weatherford International plc, proposed sale 6,531 shares at $79.86 during a trade that took place back on Oct 25 ’24, which means that Mills Desmond J is holding shares at $521,566 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
- 0.34 for the gross margin
The net margin for Weatherford International plc stands at 0.1. The total capital return value is set at 0.27. Equity return is now at value 51.17, with 10.59 for asset returns.
Based on Weatherford International plc (WFRD), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 7.97.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 0.7. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To sum up, Weatherford International plc (WFRD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
