Analysts' ratings for Weatherford International WFRD over the last quarter vary from bullish to bearish, as provided by 12 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 5 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 5 | 3 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $155.17, a high estimate of $184.00, and a low estimate of $135.00. This current average reflects an increase of 13.89% from the previous average price target of $136.25.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Weatherford International is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Gruber | Citigroup | Announces | Buy | $155.00 | - |
| Saurabh Pant | B of A Securities | Raises | Buy | $145.00 | $135.00 |
| David Anderson | Barclays | Raises | Overweight | $160.00 | $135.00 |
| Kurt Hallead | Benchmark | Maintains | Buy | $155.00 | - |
| James West | Evercore ISI Group | Raises | Outperform | $151.00 | $130.00 |
| Luke Lemoine | Piper Sandler | Raises | Overweight | $184.00 | $180.00 |
| Kurt Hallead | Benchmark | Maintains | Buy | $155.00 | - |
| James Rollyson | Raymond James | Raises | Strong Buy | $152.00 | $134.00 |
| Saurabh Pant | B of A Securities | Raises | Buy | $135.00 | $123.00 |
| Luke Lemoine | Piper Sandler | Raises | Overweight | $180.00 | $138.00 |
| Chris Kuhn | Benchmark | Raises | Buy | $155.00 | $115.00 |
| David Anderson | Barclays | Announces | Overweight | $135.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Weatherford International. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Weatherford International compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Weatherford International's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Weatherford International analyst ratings.
Get to Know Weatherford International Better
Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.
Unraveling the Financial Story of Weatherford International
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Weatherford International's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 14.5%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.25%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Weatherford International's ROE excels beyond industry benchmarks, reaching 11.12%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.21%, the company showcases effective utilization of assets.
Debt Management: Weatherford International's debt-to-equity ratio stands notably higher than the industry average, reaching 1.74. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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