The Street Is Finally Waking Up To Weatherford International plc (NASDAQ: WFRD)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Weatherford Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

Weatherford International plc is listed on the NASDAQ as a member of the Energy sector and is a part of the Oil & Gas Equipment & Services industry. The current market capitalization of Weatherford International plc is $7.35B. A total of 0.77 million shares were traded on the day, compared to an average of 869.52K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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 10 SELLs from insiders. Insiders purchased 96,197 shares during that period but sold 184,957.

In the most recent transaction, Sandhu Depinder sold 4,717 shares of WFRD for 100.96 per share on Feb 15. After the transaction, the EVP, Global Product Lines now owns 2,536 company shares. In a previous transaction on Feb 15, Mutschler Jacqueline C sold 3,000 shares at 99.45 per share. WFRD shares that Director owns now total 28,801.

Among the insiders who sold shares, Reed David John disposed of 2,700 shares on Feb 15 at a per-share price of $97.50. This resulted in the EVP, Chief Commercial Officer holding 6,805 shares of WFRD after the transaction. In another insider transaction, Duster Benjamin sold 12,000 shares at $96.98 per share on Feb 12. Company shares held by the Director now total 12,801.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WFRD in the last 3 months, the mean price target is $125.57 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 $Forward Air Corporation per share for the current quarter. EPS was calculated based on a consensus of Weatherford International plc 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $12.83, while its Total Shareholder’s Equity was $496.00M.

Analysts Opinion

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. 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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