What Are The Chances Of Weatherford International plc (NASDAQ: WFRD) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed 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 $110.07 and fluctuated between $112.04 as its day high and $108.85 as its day low. The current market capitalization of Weatherford International plc is $7.96B. A total of 0.52 million shares were traded on the day, compared to an average of 883.79K shares.

In the most recent transaction, Saligram Girish sold 60,000 shares of WFRD for 103.57 per share on Feb 21 ’24. After the transaction, the President and CEO now owns 146,895 company shares. In a previous transaction on Feb 15 ’24, Sandhu Depinder sold 4,717 shares at 100.96 per share. WFRD shares that EVP, Global Product Lines owns now total 2,536.

Among the insiders who sold shares, Mutschler Jacqueline C disposed of 3,000 shares on Feb 15 ’24 at a per-share price of $99.45. This resulted in the Director holding 28,801 shares of WFRD after the transaction. In another insider transaction, Reed David John sold 2,700 shares at $97.50 per share on Feb 15 ’24. Company shares held by the EVP, Chief Commercial Officer now total 6,805.

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. In terms of 52-week highs and lows, WFRD has a high of $111.68 and a low of $51.46.

As of this writing, WFRD has an earnings estimate of $1.44 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.63 per share and a lower estimate of $1.37. 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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