Phillip Jungwirth, an analyst from BMO Capital, has initiated a new Buy rating on Weatherford International (WFRD).
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Phillip Jungwirth has given his Buy rating due to a combination of factors that highlight Weatherford International’s strong market position and financial performance. The company’s substantial international presence, accounting for 81% of its 2024 revenues, positions it favorably compared to competitors like SLB, BKR, and HAL. This international focus is expected to benefit from stable upstream spending and potential growth in deepwater activities, providing a solid foundation for long-term upside.
Additionally, Weatherford’s financial metrics are competitive with industry leaders, showing strong EBITDA margins and a return on invested capital that surpasses many peers. Despite a slight decline in 2025, margins are projected to improve, supported by strategic refinancing and efficient cash flow management. The company’s valuation appears attractive, with a lower EV/EBITDA multiple compared to major competitors, suggesting potential for improved free cash flow conversion and overall financial health. These factors collectively underpin Jungwirth’s positive outlook on Weatherford’s stock.
In another report released on October 6, Citi also maintained a Buy rating on the stock with a $76.00 price target.