Weatherford International plc (NASDAQ: WFRD) is -1.95% lower on its value in year-to-date trading and has touched a low of $66.23 and a high of $135.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WFRD stock was last observed hovering at around $70.19 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $70.23, the stock is -1.43% and -10.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 0.06% at the moment leaves the stock -31.16% off its SMA200. WFRD registered -21.82% loss for a year compared to 6-month loss of -45.01%. The firm has a 50-day simple moving average (SMA 50) of $78.5096 and a 200-day simple moving average (SMA200) of $102.2618.
The stock witnessed a -8.48% gain in the last 1 month and extending the period to 3 months gives it a -25.12%, and is -3.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.68% over the week and 3.84% over the month.
Weatherford International plc (WFRD) has around 18500 employees, a market worth around $5.10B and $5.53B in sales. Current P/E ratio is 9.84 and Fwd P/E is 10.54. Profit margin for the company is 9.65%. Distance from 52-week low is 6.04% and -47.98% from its 52-week high. The company has generated returns on investments over the last 12 months (17.26%).
The EPS is expected to grow by 24.34% this year.
Weatherford International plc (WFRD) Top Institutional Holders
513.0 institutions hold shares in Weatherford International plc (WFRD), with institutional investors hold 100.32% of the company’s shares. The shares outstanding are 72.70M, and float is at 71.28M with Short Float at 3.82%. Institutions hold 98.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.42 million shares valued at $908.72 million. The investor’s holdings represent 10.1799% of the WFRD Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 7.38 million shares valued at $903.74 million to account for 10.1241 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.34 million shares representing 10.0641% and valued at over $898.38 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.1095 of the shares totaling 3.72 million with a market value of $456.1 million.
Weatherford International plc (WFRD) Insider Activity
The most recent transaction is an insider sale by Reed David John, the company’s EVP, Chief Commercial Officer. SEC filings show that Reed David John sold 4,762 shares of the company’s common stock on Jan 06 ’25 at a price of $72.66 per share for a total of $0.35 million. Following the sale, the insider now owns 11109.0 shares.
Still, SEC filings show that on Oct 25 ’24, Mills Desmond J (SVP & Chief Accounting Officer) disposed off 6,531 shares at an average price of $79.86 for $0.52 million. The insider now directly holds 11,680 shares of Weatherford International plc (WFRD).
