Weatherford International (NASDAQ:WFRD) Price Target Cut to $123.00 by Analysts at Royal Bank Of Canada

Weatherford International (NASDAQ:WFRD) had its target price reduced by equities researchers at Royal Bank Of Canada from $124.00 to $123.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 51.19% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Weatherford International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group decreased their target price on Weatherford International from $106.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a research note on Monday, October 12th. Raymond James Financial reduced their target price on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Finally, Citigroup dropped their target price on Weatherford International from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Weatherford International has an average rating of “Moderate Buy” and a consensus price target of $117.86.

Weatherford International Price Performance

Shares of Weatherford International stock traded down $4.13 during trading on Thursday, reaching $81.36. 813,774 shares of the stock traded hands, compared to its average volume of 1,230,425. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.46 and a beta of 1.05. The business has a fifty day simple moving average of $85.86 and a two-hundred day simple moving average of $92.31. 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 $66.54 and a 52-week high of $113.15.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, October 20th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Weatherford International had a return on equity of 23.17% and a net margin of 8.64%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Sell-side analysts expect that Weatherford International will post 5.12 EPS for the current year.

Insider Buying and Selling at Weatherford International

In related news, Director Jacqueline Mutschler sold 4,094 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.50, for a total value of $370,507.00. Following the completion of the transaction, the director owned 29,093 shares of the company’s stock, valued at approximately $2,632,916.50. This represents a 12.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Weatherford International

Several institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in shares of Weatherford International by 12.4% in the first quarter. First Trust Advisors LP now owns 1,760,467 shares of the company’s stock worth $166,505,000 after acquiring an additional 194,654 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Weatherford International by 15.5% in the 1st quarter. Bank of New York Mellon Corp now owns 794,732 shares of the company’s stock worth $75,166,000 after acquiring an additional 106,716 shares during the last quarter. Canoe Financial LP purchased a new position in Weatherford International during the 1st quarter valued at about $50,052,000. Readystate Asset Management LP acquired a new position in shares of Weatherford International in the second quarter valued at approximately $15,269,000. Finally, California Public Employees Retirement System increased its holdings in Weatherford International by 13.8% during the 1st quarter. California Public Employees Retirement System now owns 171,477 shares of the company’s stock worth $16,218,000 after purchasing an additional 20,803 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Key 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 consensus estimate and up from $1.12 a year earlier. Revenue of $1.14 billion also exceeded estimates of $1.13 billion, while cash flow reportedly provided additional support for the results. Weatherford Q3 earnings flash
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, equivalent to $1.10 annually and a yield of approximately 1.3%. The dividend adds shareholder-return support, with the ex-dividend date set for November 6. Weatherford dividend announcement
• Neutral Sentiment: Weatherford maintained fourth-quarter revenue guidance of $1.3 billion and full-year 2026 revenue guidance of $4.7 billion, both broadly matching consensus. The in-line outlook limits the impact of the earnings beat on near-term estimates. Weatherford Q3 2026 earnings call transcript
• Negative Sentiment: Quarterly revenue declined 7.2% year over year, highlighting continued demand and market challenges even though profitability substantially exceeded expectations. Weatherford Q3 earnings and revenue report
• Negative Sentiment: Piper Sandler and Citigroup lowered their expectations for WFRD, offsetting the bullish signal from Piper’s Buy rating. Although the analyst average price target remains $115.29, estimate reductions may be weighing on sentiment. Weatherford average price target

About Weatherford International

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.