The closing price of Weatherford International plc (NASDAQ: WFRD) was $123.33 for the day, down -2.44% from the previous closing price of $126.41. In other words, the price has decreased by -$3.08 from its previous closing price. On the day, 706752 shares were traded.
Ratios:
Our analysis of WFRD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 2.00.
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, Barclays on February 28, 2024, initiated with a Overweight rating and assigned the stock a target price of $135.
On November 10, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $120.
On June 07, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $100.CapitalOne initiated its Overweight rating on June 07, 2023, with a $100 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 21 ’24 when Saligram Girish sold 60,000 shares for $103.57 per share. The transaction valued at 6,214,136 led to the insider holds 146,895 shares of the business.
Sandhu Depinder sold 4,717 shares of WFRD for $476,209 on Feb 15 ’24. The EVP, Global Product Lines now owns 2,536 shares after completing the transaction at $100.96 per share. On Feb 15 ’24, another insider, Mutschler Jacqueline C, who serves as the Director of the company, sold 3,000 shares for $99.45 each. As a result, the insider received 298,350 and left with 28,801 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 8.92B and an Enterprise Value of 10.02B. As of this moment, Weatherford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.83, and their Forward P/E ratio for the next fiscal year is 14.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 9.61. Its current Enterprise Value per Revenue stands at 1.95 whereas that against EBITDA is 9.88.
Stock Price History:
Over the past 52 weeks, WFRD has reached a high of $127.45, while it has fallen to a 52-week low of $55.81. The 50-Day Moving Average of the stock is 105.00, while the 200-Day Moving Average is calculated to be 91.85.
Shares Statistics:
WFRD traded an average of 847.51K shares per day over the past three months and 709.44k shares per day over the past ten days. A total of 72.00M shares are outstanding, with a floating share count of 70.91M. Insiders hold about 1.96% of the company’s shares, while institutions hold 98.31% stake in the company. Shares short for WFRD as of Mar 15, 2024 were 3.11M with a Short Ratio of 3.66, compared to 3.11M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.29% and a Short% of Float of 5.67%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $1.44 for the current quarter, with a high estimate of $1.63 and a low estimate of $1.37, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.62, with high estimates of $1.83 and low estimates of $1.51.
Analysts are recommending an EPS of between $8.38 and $6.48 for the fiscal current year, implying an average EPS of $7.09. EPS for the following year is $8.57, with 8 analysts recommending between $9.46 and $7.77.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $1.33B to a low estimate of $1.31B. As of the current estimate, Weatherford International plc’s year-ago sales were $1.19B, an estimated increase of 11.70% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for WFRD’s current fiscal year. The highest revenue estimate was $5.78B, while the lowest revenue estimate was $5.66B, resulting in an average revenue estimate of $5.72B. In the same quarter a year ago, actual revenue was $5.13B, up 11.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $6.18B in the next fiscal year. The high estimate is $6.3B and the low estimate is $5.98B. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.
