Brokerages Assign “Buy” Rating to Weatherford International plc Shares
June 20, 2023
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Weatherford International ($NASDAQ:WFRD) plc is an oilfield services company that provides equipment and services to the global energy industry. Recently, brokerages have assigned a “Buy” rating to Weatherford International plc’s shares. Eight different brokerages are currently covering the company. The “Buy” ratings come as no surprise as Weatherford International plc has delivered strong financial performance over the past few years.
These strong financial results have helped to boost confidence in Weatherford International plc’s shares. As a result, the stock has been trading near its all-time high in recent weeks. With analysts continuing to assign a “Buy” rating to the stock, investors can expect further gains in the near future.
Price History
Brokerages have recently assigned a “Buy” rating to shares of Weatherford International plc, who on Friday opened at $62.4 and closed at $60.7, down by 1.6% from their prior closing price of 61.7. This rating is based on a consensus of analysts and suggests that the stock has potential for further growth in the future. The company’s services include drilling, evaluation, completion, production and intervention services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Weatherford International. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | 178 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Weatherford International. More…
| Operations | Investing | Financing |
| 497 | -127 | -370 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Weatherford International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.72k | 4.17k | 7.54 |
Key Ratios Snapshot
Some of the financial key ratios for Weatherford International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.7% | 83.5% | 10.2% |
| FCF Margin | ROE | ROA |
| 7.0% | 54.3% | 6.2% |
Analysis
GoodWhale conducted an analysis of WEATHERFORD INTERNATIONAL‘s wellbeing, utilizing our Star Chart system. The Star Chart categorizes the company as a ‘rhino’, which we have concluded to be a company that has achieved moderate revenue or earnings growth. Knowing this, certain types of investors may be interested in such a company. WEATHERFORD INTERNATIONAL has an intermediate health score of 4/10 with regard to its cashflows and debt. This means that WEATHERFORD INTERNATIONAL is likely able to pay off debt and fund future operations. In addition, WEATHERFORD INTERNATIONAL is strong in asset performance, medium in profitability, and weak in dividend and growth potential. More…
Peers
The company competes with United Drilling Tools Ltd, Parker Drilling Co, and Northern Ocean Ltd.
– United Drilling Tools Ltd ($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
Investing analysis of Weatherford International plc (WFT) has been largely positive, with eight brokerages assigning an average recommendation of “Buy.” Despite the recent surge in its stock price, WFT remains a relatively low risk-reward investment, making it an attractive option for conservative investors.
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