Are Things Looking Up For 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. Yahoo Finance discussed the stock recently as it posted Weatherford Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Oil & Gas Equipment & Services industry segment. The current market capitalization of Weatherford International plc is $8.17B. A total of 1.27 million shares were traded on the day, compared to an average of 874.86K 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, WFRD has a high of $115.21 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

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. 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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