Weatherford International Intrinsic Stock Value – Allspring Global Investments Increases Stake in Weatherford International by 187.0%
September 7, 2024
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Weatherford International ($NASDAQ:WFRD) plc is a multinational oilfield service company based in Switzerland. The company’s stock has been closely watched by investors, and in the second quarter of 2019, one major investor, Allspring Global Investments Holdings LLC, made a significant move. Allspring Global Investments Holdings LLC, which is an investment management firm, increased its stake in Weatherford International plc by a whopping 187.0%. This increase in ownership is a strong indication of Allspring’s confidence in Weatherford’s future prospects. Despite recent challenges faced by the oil and gas industry, Allspring sees potential for growth in Weatherford International and has chosen to increase its investment accordingly. The second quarter of 2019 saw a surge in demand for oilfield services, due to an increase in drilling activity around the world. This uptick in demand has been beneficial for companies like Weatherford, which provide essential services to the oil and gas industry.
With Allspring’s increased investment, Weatherford is now poised to take advantage of this growing market. Furthermore, Allspring’s increased stake in Weatherford could also signal a potential change in the company’s leadership or strategic direction. As a major shareholder, Allspring may have a greater influence on the decision-making process at Weatherford. This could lead to new initiatives and strategies aimed at driving growth and profitability for the company. It shows confidence in Weatherford’s potential and could lead to new opportunities for the company in the ever-changing landscape of the oil and gas industry. As the company continues to navigate through challenges and capitalize on market opportunities, its shareholders, including Allspring Global Investments Holdings LLC, will undoubtedly play a crucial role in shaping its future.
Analysis – Weatherford International Intrinsic Stock Value
After conducting a thorough analysis of the financials for WEATHERFORD INTERNATIONAL, our team at GoodWhale has determined that the fair value of the company’s stock is around $53.0. This valuation was calculated using our proprietary Valuation Line, which takes into account various financial metrics such as revenue, earnings, and market trends. However, we have found that the current trading price for WEATHERFORD INTERNATIONAL stock is significantly higher at $104.94. This means that the stock is currently overvalued by 98.1%. This may be a cause for concern for investors, as they may be paying a higher price than what the stock is actually worth. It is important to note that overvalued stocks are not uncommon in the market and can be influenced by various factors such as market speculation and investor sentiment. However, as a financial analysis firm, it is our responsibility to inform investors of any discrepancies between a company’s true value and its current trading price. In order to make informed investment decisions, it is crucial for investors to carefully consider all available information and conduct their own research. We recommend using our fair value estimate as a starting point for evaluating WEATHERFORD INTERNATIONAL’s stock, but also encourage investors to analyze other factors such as industry trends and the company’s competitive landscape. In conclusion, while WEATHERFORD INTERNATIONAL may be a reputable company, our analysis shows that its current stock price may not accurately reflect its true value. It is important for investors to carefully consider this information before making any investment decisions. More…
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 |
| 5.13k | 417 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Weatherford International. More…
| Operations | Investing | Financing |
| 832 | -289 | -514 |
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 |
| 5.07k | 4.15k | 12.81 |
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 |
| 11.7% | 83.7% | 13.4% |
| FCF Margin | ROE | ROA |
| 12.1% | 51.6% | 8.5% |
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
Allspring Global Investments Holdings LLC has significantly increased its stake in Weatherford International plc, a global oil and natural gas service company. This boost in holdings represents a 187.0% increase during the second quarter, indicating confidence in the company’s performance and potential for growth. Weatherford International plc offers a range of services to the energy industry, including drilling, evaluation, and production solutions.
With this increased investment, Allspring Global Investments Holdings LLC is likely anticipating positive returns from Weatherford International plc in the future. This move by a major investment firm may also signal to other investors that Weatherford International plc is a promising choice for their portfolio.
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