Weatherford International: Not Just Your Father's Fishing Tool Company Anymore [Seeking Alpha]
Weatherford International plc - Ordinary shares (WFRD)
Company Research
Source: Seeking Alpha
The company has been exceeding analyst earnings estimates and is expected to continue growing in 2024. Weatherford has restructured its operations, simplified its supply chain, and focused on improving margins, leading to strong financial performance. We rate WFRD as a buy at current levels. Introduction Weatherford International NASDAQ: WFRD ) has battled its way back from the ashes of its former incarnation, emerging from bankruptcy in December, of 2019, and is currently performing well in the marketplace. The stock of Weatherford International has risen ~50X in the intervening 4 years, easily outperforming every other member of the OFS cohort. There's just something about wiping $6.2 bn off your balance sheet and wiping out common stockholders, that seems to juice profits in relation to companies that have managed their businesses better and honored their obligations to creditors, bondholders and common stockholders. We have many parallels on which to draw in this cohort
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News
- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Bank of America Co. from $135.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Barclays PLC from $135.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Piper Sandler from $180.00 to $184.00. They now have an "overweight" rating on the stock.MarketBeat