Weatherford International plc (NASDAQ: WFRD) is -23.52% lower on its value in year-to-date trading and has touched a low of $53.22 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 $54.37 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $54.78, the stock is -16.05% and -19.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.75% at the moment leaves the stock -40.79% off its SMA200. WFRD registered -49.75% loss for a year compared to 6-month loss of -47.80%.
The stock witnessed a -14.19% gain in the last 1 month and extending the period to 3 months gives it a -33.44%, and is -12.35% 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 5.93% over the week and 4.93% over the month.
Weatherford International plc (WFRD) has around 19000 employees, a market worth around $3.99B and $5.51B in sales. Current P/E ratio is 8.11 and Fwd P/E is 7.36. Profit margin for the company is 9.18%. Distance from 52-week low is 2.93% and -59.42% from its 52-week high. The company has generated returns on investments over the last 12 months (16.80%).
with sales reaching $1.22B over the same period.The EPS is expected to shrink by -8.86% this year, but quarterly earnings will post -4.94% year-over-year. Quarterly sales are estimated to shrink -10.46% in year-over-year returns.
The shares outstanding are 72.10M, and float is at 71.29M with Short Float at 3.93%.
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 5.0885 of the shares totaling 3.72 million with a market value of $456.1 million.
Weatherford International plc (WFRD) Insider Activity
A total of 0 insider transactions have happened at Weatherford International plc (WFRD) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Sandhu Depinder, the company’s EVP, Global Product Lines. SEC filings show that Sandhu Depinder sold 14,000 shares of the company’s common stock on Feb 07 ’25 at a price of $66.41 per share for a total of $0.93 million. Following the sale, the insider now owns 8892.0 shares.
Weatherford International plc disclosed in a document filed with the SEC on Feb 07 ’25 that Mitra Arunava (EVP and CFO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 07 ’25 and was made at $67.57 per share for $0.68 million. Following the transaction, the insider now directly holds 21072.0 shares of the WFRD stock.
Still, SEC filings show that on Feb 07 ’25, Mills Desmond J (SVP & Chief Accounting Officer) disposed off 19,425 shares at an average price of $67.51 for $1.31 million. The insider now directly holds 17,899 shares of Weatherford International plc (WFRD).
Weatherford International plc (WFRD): Who are the competitors?
One of the company’s main competitors (and peers) include Flotek Industries Inc. (FTK) that is trading 153.92% up over the past 12 months.Schlumberger Ltd. (SLB) lies in the list of competitors of the Weatherford International plc and is -21.19% lower over the same period from WFRDBaker Hughes Co. (BKR) is 38.48% up on the 1-year trading charts.
