WFRD Stock Recent News

Does Weatherford (WFRD) have what it takes to be a top stock pick for momentum investors? Let's find out.

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.

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

Weatherford International is an unexpected winner in the oil field services boom, with strong earnings and projected double-digit revenue growth. The company offers differentiated services with higher margins and has the capacity to meet incremental market demand. Weatherford is undervalued compared to its peers, presenting an investment opportunity with potential for significant upside.

Weatherford International plc (NASDAQ:WFRD ) Q3 2023 Earnings Call Transcript October 25, 2023 10:00 AM ET Company Participants Girish Saligram - President, Chief Executive Officer Arun Mitra - Executive Vice President, Chief Financial Officer Mohammed Topiwala - Director, Investor Relations, M&A Conference Call Participants Luke Lemoine - Piper Sandler Ati Modak - Goldman Sachs Doug Becker - Capital One Jim Rollyson - Raymond James Kurt Hallead - Benchmark Operator Ladies and gentlemen, thank you for standing by. And welcome to the Weatherford International, Third Quarter 2023 Earnings Call.

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 put up solid results this year, consistently increasing its guidance. The company trades at a discount to international rivals and is expected to continue growing. Past issues look to be firmly behind the firm, with its balance sheet in solid shape.

HOUSTON, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, October 25, 2023 to discuss the Company's results for the third quarter ended September 30, 2023.

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.