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Saturday, June 3, 2023

Make Sure You Stick With Weatherford International plc (WFRD). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Weatherford International plc (WFRD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.63, or -2.52%, to $63.00. The Weatherford International plc has recorded 18,090 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Weatherford Announces First Quarter 2023 Results.

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Stocks Info

Weatherford International plc is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $64.63 and fluctuated between $66.52 as its day high and $63.50 as its day low. The current market capitalization of Weatherford International plc is $4.52B. A total of 0.72 million shares were traded on the day, compared to an average of 815.03K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WFRD has seen 5 BUY and 8 SELL insider trades, representing the acquisition of 1,314,342 and the disposition of 569,670 shares. Over the last 12 months, there were 16 BUYs and 19 SELLs from insiders. Insiders purchased 1,603,460 shares during that period but sold 682,389.

In the most recent transaction, Mongrain Joseph H sold 15,000 shares of WFRD for 66.83 per share on Mar 02. After the transaction, the EVP & Chief People Officer now owns 33,868 company shares. In a previous transaction on Feb 15, Weatherholt Scott C sold 39,365 shares at 66.30 per share. WFRD shares that EVP, GC & CCO owns now total 158,000.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WFRD in the last 3 months, the mean price target is $88.00 with high estimates of $101.00 and low estimates of $82.00. In terms of 52-week highs and lows, WFRD has a high of $70.18 and a low of $16.96.

As of this writing, WFRD has an earnings estimate of $1.02 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.25 per share and a lower estimate of $0.81. The company reported an EPS of $0.99 in the last quarter, which was 37.50% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WFRD’s latest balance sheet shows that the firm has $951.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.62B in debt and $1.33B in liabilities at the time. Its Book Value Per Share was $7.88, while its Total Shareholder’s Equity was $496.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WFRD is Overweight with a score of 5.00. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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