Tudor Investment Corp Has $12.19 Million Stake in Weatherford International plc

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Tudor Investment Corporation, along with other large institutional investors, has recently made a substantial investment in the company Weatherford International ($NASDAQ:WFRD) plc. The ownership of the company has now reached $12.19 million. Weatherford International plc is a multinational oil and gas services company that provides engineering, manufacturing, and consulting services to many of the world’s largest energy companies.

Their services include well testing, drill bits, pressure control services, completion tools, and production optimization solutions. With their solutions and services, Weatherford is dedicated to helping their customers reduce their costs while maximizing their productivity and performance.

Price History

Tudor Investment Corp, a Connecticut-based hedge fund, recently disclosed in a regulatory filing that it had amassed a stake of $12.19 million in Weatherford International plc (WFT). On Monday, the stock for Weatherford International opened at $85.6 and closed at $86.7, up 0.6% from its previous closing price of $86.2. This increase marked Weatherford International’s sixth consecutive trading day with a gain. Weatherford International is an oilfield services company based in Switzerland, providing services and technology to the oil and gas industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Weatherford International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Weatherford International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Weatherford International. More…

Key Ratios Snapshot

Some of the financial key ratios for Weatherford International are shown below. More…

Analysis

GoodWhale recently conducted an analysis of WEATHERFORD INTERNATIONAL‘s wellbeing. Our data showed that WEATHERFORD INTERNATIONAL is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This means that investors who are looking for long-term growth and stability are likely to be interested in this company. In terms of its financial health, WEATHERFORD INTERNATIONAL has an intermediate score of 5 out of 10 according to our Star Chart. This indicates that the company has a good standing with regard to its cashflows and debt, and is likely to safely ride out any crisis without the risk of bankruptcy. In terms of other aspects, the company is strong in asset use, medium in growth, profitability, and weak in dividend. As such, long-term investors should be aware of the potential risk associated with investing in such a company. 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

Tudor Investment Corp Et Al, a major US-based investment company, has made a substantial investment in Weatherford International plc. According to the most recent SEC filings, Tudor has acquired 12.19 million shares in the company, worth around $12.19 million. Weatherford International is one of the world’s leading oil and gas service companies, providing sophisticated products and services to the industry. Analysts have noted its strong dividend yield and record of profitability over the past few years as attractive investment features.

They also cite its experience in the sector, as well as its strong balance sheet and strong liquidity, as further reasons why investors may be attracted to the stock. Weatherford’s share price has increased steadily over the past 12 months, with a further upside potential expected in the future. With an experienced management team, a positive outlook for the sector, and a market-leading position, Weatherford International seems to be a solid investment choice for those looking to add exposure to the oil and gas services sector.