Weatherford International plc (NASDAQ: WFRD) Could Achieve Gains In The Near Future

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. Yahoo Finance discussed the stock recently as it posted Weatherford Announces Fourth-Quarter and Full-Year 2023 Conference Call.

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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 $95.95 and fluctuated between $98.40 as its day high and $95.06 as its day low. The current market capitalization of Weatherford International plc is $6.92B. A total of 0.53 million shares were traded on the day, compared to an average of 908.26K shares.

Insider Activity

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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 16 SELLs from insiders. Insiders purchased 1,408,843 shares during that period but sold 738,960.

In the most recent transaction, Mongrain Joseph H sold 17,071 shares of WFRD for 89.91 per share on Dec 05. After the transaction, the EVP & Chief People Officer now owns 30,483 company shares. In a previous transaction on May 23, Saligram Girish sold 50,750 shares at 59.34 per share. WFRD shares that President and CEO owns now total 894,909.

Among the insiders who sold shares, Mills Desmond J disposed of 15,000 shares on May 18 at a per-share price of $57.42. This resulted in the SVP & Chief Accounting Officer holding 26,761 shares of WFRD after the transaction. In another insider transaction, Mongrain Joseph H sold 15,000 shares at $66.83 per share on Mar 02. Company shares held by the EVP & Chief People Officer now total 33,868.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, WFRD has a high of $102.64 and a low of $51.46.

As of this writing, WFRD has an earnings estimate of $Weatherford International plc per share for the current quarter. EPS was calculated based on a consensus of Forward Air Corporation estimates, with a high estimate of $WESTERN NEW ENGLAND BANCORP INC per share and a lower estimate of $Friedman Industries Inc.

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 $10.31, 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, 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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