This Is Too Hot For Weatherford International plc (NASDAQ: WFRD), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Weatherford Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

As a NASDAQ listed company, WFRD falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $98.45 and fluctuated between $100.89 as its day high and $94.89 as its day low. The current market capitalization of Weatherford International plc is $7.10B. A total of 1.68 million shares were traded on the day, compared to an average of 884.33K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 4 BUYs and 12 SELLs from insiders. Insiders purchased 96,197 shares during that period but sold 224,322.

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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WFRD in the last 3 months, the mean price target is $125.14 with high estimates of $138.00 and low estimates of $113.00. 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 $1.37 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.21. The company reported an EPS of $1.66 in the last quarter, which was 36.10% higher than expectations of $1.22.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $12.83, while its Total Shareholder’s Equity was $496.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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