WFRD Stock Recent News

Weatherford International plc's share price has surged 200% in the past year due to improved financial performance and an optimistic outlook. The company is gaining market share and expanding internationally, particularly in Latin America through partnerships like Petrobras. While Weatherford's cash position and debt reduction are positive, its valuation is a concern, trading at a significant premium to the sector.

Weatherford (WFRD) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to loss of $0.11 per share a year ago.

Weatherford International, an oil and gas industry service provider, is showing signs of a turnaround with increased production and activity, and a seven-year contract with PDO for its ForeSite technology. The company has seen three consecutive years of positive free cash flow, with a 258% increase in share price over the last 12 months, and is diversifying its markets and revenue streams. Despite risks such as energy price downturns and geopolitical uncertainties, WFRD's improved operations and reduced debt offer a good risk/reward ratio, making it an attractive investment opportunity.

HOUSTON, June 30, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 26, 2023 to discuss the Company's results for the second quarter ended June 30, 2023.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Weatherford (WFRD) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Weatherford (WFRD) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

While the price of oil has fallen significantly since its high of $120 last summer, it still has several bullish catalysts that can ignite another bull run.

The mean of analysts' price targets for Weatherford (WFRD) points to a 28.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Here is how Weatherford (WFRD) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.

Weatherford (WFRD) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to loss of $0.59 per share a year ago.