Weatherford International Stock Fair Value Calculator – WEATHERFORD INTERNATIONAL Reports Earnings for Q2 FY2023
July 27, 2023
🌥️Earnings Overview
On June 30, 2023, WEATHERFORD INTERNATIONAL ($NASDAQ:WFRD) announced their second quarter FY2023 earnings. Total revenue for the quarter rose 19.7% to USD 1274.0 million from the same period in the previous year. Net income soared to USD 82.0 million from 6.0 million reported for the same period the year prior.
Price History
On Tuesday, WEATHERFORD INTERNATIONAL reported its earnings for the second quarter of the fiscal year 2023. The stock opened at $76.7 and closed at $77.8, up by 1.2% from the previous closing price of $76.9. WEATHERFORD INTERNATIONAL reported solid earnings for the quarter and is expected to continue to show positive growth in the coming quarters. The company has made investments in technology and innovation that have provided a strong platform for growth in the future. Other key points reported include an increase in revenue due to higher oil prices, a decrease in operating costs, and improved margins due to cost-cutting measures taken by the company.
The company also reported that it has invested in new projects which will help increase its operational efficiency and profitability. Overall, the results reported by WEATHERFORD INTERNATIONAL indicate that the company is performing well and is in a strong financial position. The stock price shows that investors are optimistic about the company’s prospects going forward and are confident that it will continue to show positive growth in the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Weatherford International. More…
| Total Revenues | Net Income | Net Margin |
| 4.79k | 254 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Weatherford International. More…
| Operations | Investing | Financing |
| 413 | -63 | -243 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Weatherford International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.71k | 4.12k | 7.87 |
Key Ratios Snapshot
Some of the financial key ratios for Weatherford International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 83.7% | 10.4% |
| FCF Margin | ROE | ROA |
| 6.3% | 54.9% | 6.6% |
Analysis – Weatherford International Stock Fair Value Calculator
As GoodWhale, we have thoroughly analyzed the fundamentals of WEATHERFORD INTERNATIONAL and have come to an assessment. According to our proprietary Valuation Line, the intrinsic value of WEATHERFORD INTERNATIONAL share is around $40.0. Conversely, its stock is being traded at $77.8, which is an overvaluation of 94.4%. As such, we believe that the stock is currently overpriced in the market. More…
Peers
The company competes with United Drilling Tools Ltd, Parker Drilling Co, and Northern Ocean Ltd.
– United Drilling Tools Ltd ($BSE:522014)
United Drilling Tools Ltd is a publicly traded company with a market cap of 6.21 billion as of 2022. The company has a return on equity of 14.87%. United Drilling Tools Ltd is engaged in the manufacturing and marketing of drilling tools and equipment for the oil and gas industry. The company’s products include drill bits, drilling rigs, and other drilling equipment. United Drilling Tools Ltd is headquartered in Houston, Texas.
– Parker Drilling Co ($OTCPK:PKDC)
The Parker Drilling Company is a publicly traded drilling contractor headquartered in Houston, Texas. Parker Drilling provides offshore drilling services to the energy industry around the world. The company operates a fleet of 34 drilling rigs in offshore and onshore environments in the United States, Latin America, Africa, the Middle East, and Asia Pacific. Parker Drilling is a member of the S&P MidCap 400 index and trades on the New York Stock Exchange under the ticker symbol “PKD.”
– Northern Ocean Ltd ($OTCPK:NTNOF)
North Ocean Ltd is a market leader in providing marine transportation and offshore drilling services. The company has a strong market position and a strong track record of delivering shareholder value. North Ocean has a market capitalization of 108.58M as of 2022 and a return on equity of -7.31%. The company’s core competencies are in providing offshore transportation and drilling services. North Ocean has a strong market position and a strong track record of delivering shareholder value. North Ocean is a market leader in providing marine transportation and offshore drilling services. The company has a strong market position and a strong track record of delivering shareholder value.
Summary
WEATHERFORD INTERNATIONAL reported strong quarterly results for the second quarter of FY2023, with total revenue increasing 19.7% year-over-year to USD 1274.0 million. Net income for the quarter was USD 82.0 million, representing a significant increase from 6.0 million reported in the same period of the previous year. These strong results demonstrate strong growth potential and indicate a positive outlook for WEATHERFORD INTERNATIONAL as an investment opportunity. Investors should consider the company’s fundamentals and financials when evaluating this investment opportunity.
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