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Wednesday, December 6, 2023

Weatherford International plc (NASDAQ: WFRD): Is It A Buying Opportunity Again?

After Hours

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. After-hours trades for Weatherford International plc (WFRD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.55, or 0.58%, to $95.85. The Weatherford International plc has recorded 134,100 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Weatherford Announces Upgrade in Credit Rating to ‘B1’ from ‘B2’, Positive Outlook.

Stocks Info

WFRD belongs to the Energy sector of the NASDAQ while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $95.30 and fluctuated between $96.61 as its day high and $92.95 as its day low. The current market capitalization of Weatherford International plc is $6.87B. A total of 1.33 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WFRD has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 42,105 shares. Over the last 12 months, there were 17 BUYs and 25 SELLs from insiders. Insiders purchased 1,584,967 shares during that period but sold 807,217.

In the most recent transaction, Saligram Girish sold 50,750 shares of WFRD for 59.34 per share on May 23. After the transaction, the President and CEO now owns 894,909 company shares. In a previous transaction on May 18, Mills Desmond J sold 15,000 shares at 57.42 per share. WFRD shares that SVP & Chief Accounting Officer owns now total 26,761.

Among the insiders who sold shares, Mongrain Joseph H disposed of 15,000 shares on Mar 02 at a per-share price of $66.83. This resulted in the EVP & Chief People Officer holding 33,868 shares of WFRD after the transaction. In another insider transaction, Weatherholt Scott C sold 39,365 shares at $66.30 per share on Feb 15. Company shares held by the EVP, GC & CCO now total 158,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WFRD in the last 3 months, the mean price target is $121.17 with high estimates of $135.00 and low estimates of $101.00. In terms of 52-week highs and lows, WFRD has a high of $98.97 and a low of $38.61.

As of this writing, WFRD has an earnings estimate of $1.22 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.59 per share and a lower estimate of $1.05. The company reported an EPS of $0.97 in the last quarter, which was 14.10% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $10.31, while its Total Shareholder’s Equity was $496.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 5.00.

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