Weatherford International (NASDAQ:WFRD) Issues Quarterly Earnings Results

Weatherford International (NASDAQ:WFRD) released its earnings results on Tuesday. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33, FiscalAI reports. Weatherford International had a net margin of 8.64% and a return on equity of 23.17%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The company’s revenue was down 7.2% on a year-over-year basis.

Weatherford International Stock Up 7.8%

Shares of Weatherford International stock opened at $85.49 on Thursday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77. Weatherford International has a 52-week low of $65.13 and a 52-week high of $113.15. The stock has a 50-day simple moving average of $85.86 and a 200-day simple moving average of $92.31.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 6th will be given a $0.2750 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. Weatherford International’s dividend payout ratio is presently 19.61%.

More Weatherford International News

Here are the key news stories impacting Weatherford International this week:

• Positive Sentiment: Weatherford reported third-quarter adjusted earnings of $1.66 per share, well above the $1.33 analyst consensus and the $1.12 reported a year earlier. The earnings beat was the primary catalyst for the positive stock reaction. Weatherford Q3 earnings flash
• Positive Sentiment: Quarterly revenue of $1.14 billion modestly exceeded the $1.13 billion consensus estimate. Coverage also highlighted the earnings beat as being supported by real cash flow, which may improve investor confidence in the quality of the results. Weatherford Q3 earnings and cash flow
• Positive Sentiment: Piper Sandler maintained a Buy rating, while the reported average analyst price target is $115.29. That target implies meaningful upside from recent levels and reinforces the bullish reaction to the earnings release. Piper Sandler Buy rating
• Neutral Sentiment: Weatherford’s full-year 2026 revenue guidance of $4.7 billion and fourth-quarter guidance of $1.3 billion matched consensus estimates, reducing the risk of a negative outlook surprise but offering limited incremental upside. Weatherford Q3 2026 earnings call transcript
• Negative Sentiment: Revenue declined 7.2% year over year, highlighting continued pressure on top-line growth. Citigroup and Piper Sandler also lowered their price expectations, although the earnings beat appears to have outweighed those concerns. Weatherford Q3 earnings results

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WFRD. Citigroup cut their price objective on shares of Weatherford International from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James Financial decreased their target price on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays dropped their price target on shares of Weatherford International from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, Piper Sandler cut their price target on Weatherford International from $118.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Weatherford International currently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

Insider Transactions at Weatherford International

In other Weatherford International news, Director Jacqueline Mutschler sold 4,094 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the sale, the director owned 29,093 shares of the company’s stock, valued at $2,632,916.50. This represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.07% of the company’s stock.

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.