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The price of Weatherford International plc (NASDAQ: WFRD) closed at $106.02 in the last session, down -1.28% from day before closing price of $107.40. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 0.88 million shares were traded. WFRD stock price reached its highest trading level at $107.96 during the session, while it also had its lowest trading level at $105.28.
Ratios:
We take a closer look at WFRD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on May 14, 2024, initiated with a Buy rating and assigned the stock a target price of $155.
On February 28, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $135.
On November 10, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $120.BofA Securities initiated its Buy rating on November 10, 2023, with a $120 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 25 ’24 when SLEDGE CHARLES M sold 10,000 shares for $123.47 per share. The transaction valued at 1,234,663 led to the insider holds 32,729 shares of the business.
Saligram Girish sold 60,000 shares of WFRD for $6,214,136 on Feb 21 ’24. The President and CEO now owns 146,895 shares after completing the transaction at $103.57 per share. On Feb 15 ’24, another insider, Sandhu Depinder, who serves as the EVP, Global Product Lines of the company, sold 4,717 shares for $100.96 each. As a result, the insider received 476,209 and left with 2,536 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WFRD now has a Market Capitalization of 7756263424 and an Enterprise Value of 8828220416. As of this moment, Weatherford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.79, and their Forward P/E ratio for the next fiscal year is 11.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 6.32. Its current Enterprise Value per Revenue stands at 1.623 whereas that against EBITDA is 6.962.
Stock Price History:
Over the past 52 weeks, WFRD has reached a high of $135.00, while it has fallen to a 52-week low of $81.91. The 50-Day Moving Average of the stock is -10.02%, while the 200-Day Moving Average is calculated to be -1.84%.
Shares Statistics:
According to the various share statistics, WFRD traded on average about 1.01M shares per day over the past 3-months and 1053820 shares per day over the past 10 days. A total of 73.16M shares are outstanding, with a floating share count of 72.02M. Insiders hold about 1.55% of the company’s shares, while institutions hold 92.31% stake in the company. Shares short for WFRD as of 1722384000 were 1451322 with a Short Ratio of 1.44, compared to 1719532800 on 3066412. Therefore, it implies a Short% of Shares Outstanding of 1451322 and a Short% of Float of 2.6099999.
Earnings Estimates
The stock of Weatherford International plc (WFRD) is currently in the spotlight, with 7.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $2.03, with high estimates of $2.43 and low estimates of $1.92.
Analysts are recommending an EPS of between $8.28 and $6.73 for the fiscal current year, implying an average EPS of $7.09. EPS for the following year is $8.84, with 7.0 analysts recommending between $9.92 and $7.61.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $1.43B. It ranges from a high estimate of $1.44B to a low estimate of $1.41B. As of the current estimate, Weatherford International plc’s year-ago sales were $1.31BFor the next quarter, 7 analysts are estimating revenue of $1.52B. There is a high estimate of $1.56B for the next quarter, whereas the lowest estimate is $1.47B.
A total of 8 analysts have provided revenue estimates for WFRD’s current fiscal year. The highest revenue estimate was $5.75B, while the lowest revenue estimate was $5.64B, resulting in an average revenue estimate of $5.71B. In the same quarter a year ago, actual revenue was $5.13BBased on 8 analysts’ estimates, the company’s revenue will be $6.16B in the next fiscal year. The high estimate is $6.26B and the low estimate is $5.95B.
