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Weatherford International
(NASDAQ:WFRD)
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Rating:72Outperform
Price Target:
$98.00
â–²(11.36% Upside)
Action:Upgraded
Date:10/27/26
WFRD scores well on strengthening financial performance and cash generation, supported by a positive earnings outlook with improving leverage and raised free-cash-flow expectations. Valuation is reasonable but not a standout. The main constraint is mixed technical positioning (still below the 200-day average with slightly negative MACD), alongside guidance for modest near-term margin pressure and ongoing regional uncertainty in the Middle East.
Positive Factors
Strong cash generation
Robust operating and free cash flow indicates that recent earnings are being converted into liquidity, supporting debt reduction, capital investment, and shareholder returns. The high conversion rate strengthens financial resilience and gives Weatherford flexibility to fund growth without relying as heavily on external financing.
Negative Factors
Revenue growth has cooled
Cooling revenue and lower operating profitability suggest that the strong 2023–2024 expansion has moderated. If activity and mix remain softer, slower top-line growth could limit operating leverage and make it harder for Weatherford to sustain recent earnings improvements across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust operating and free cash flow indicates that recent earnings are being converted into liquidity, supporting debt reduction, capital investment, and shareholder returns. The high conversion rate strengthens financial resilience and gives Weatherford flexibility to fund growth without relying as heavily on external financing.
Read all positive factors
Weatherford International (WFRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.42B
Dividend Yield1.21%
Average Volume (3M)1.10M
Price to Earnings (P/E)15.7
Beta (1Y)1.38
Revenue Growth-5.65%
EPS Growth0.77%
CountryUS
Employees16,700
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)5.63
Shares Outstanding72,470,280
10 Day Avg. Volume1,331,372
30 Day Avg. Volume1,104,221
Financial Highlights & Ratios
PEG Ratio-0.94
Price to Book (P/B)3.33
Price to Sales (P/S)1.15
P/FCF Ratio12.56
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue1.31
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda7.34
Forecast
1Y Price Target
$114.57Price Target Upside30.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)5.34
Revenue Forecast (FY)$4.68B
Weatherford International Business Overview & Revenue Model
Company Description
Weatherford International plc is a prominent energy services enterprise that supplies an extensive range of equipment and specialized services on a global scale. The company supports the full lifecycle of oil, geothermal, and natural gas wells, co...
How the Company Makes Money
Weatherford makes money primarily by selling oilfield services and equipment to exploration and production (E&P) companies and other operators, generating revenue from both product sales and service delivery over the life cycle of a well.
Key rev...
Weatherford International Earnings Call Summary
Earnings Call Date:Oct 20, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 09, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Weatherford reported solid third-quarter revenue growth, 22.2% Adjusted EBITDA margins, substantial free cash flow growth, stronger balance sheet metrics, successful NCS integration, and multiple offshore and completions awards. Management also raised its full-year free cash flow conversion outlook and presented a constructive 2027 outlook. The principal negatives were the unsettled and weaker-than-expected Middle East environment, regional declines in Europe, Sub-Saharan Africa, and Russia, expected fourth-quarter margin pressure from mix and Venezuela startup costs, and working capital remaining above the 25% target.Positive Updates
Strong Third-Quarter Financial Performance
Third-quarter revenue was $1.143 billion, Adjusted EBITDA was $254 million at a 22.2% margin, and adjusted free cash flow was $155 million, representing 61% conversion on Adjusted EBITDA. Revenue grew 3% sequentially despite the first full quarter without the Saudi LSTK contract and the wind-down of the original Marmul contract in Oman.
Negative Updates
Middle East Operating Environment Remains Unsettled
Management said the Middle East environment has not normalized. Upstream activity has not fully recovered, rig counts in key countries are trending lower, tender cycles have slipped, and recent escalation has caused daily operational disruptions. The company is planning on the region remaining roughly where it is today and is not building a regional recovery into its near-term outlook.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Financial Performance
Third-quarter revenue was $1.143 billion, Adjusted EBITDA was $254 million at a 22.2% margin, and adjusted free cash flow was $155 million, representing 61% conversion on Adjusted EBITDA. Revenue grew 3% sequentially despite the first full quarter without the Saudi LSTK contract and the wind-down of the original Marmul contract in Oman.
Read all positive updates
Company Guidance
For the fourth quarter, Weatherford expects revenues of $1.28 billion-$1.33 billion, Adjusted EBITDA of $270 million-$290 million, a margin that is modestly down from third quarter levels, and adjusted free cash flow of more than $100 million; Q4 capital expenditures will likely be in the $70 million-$80 million range, while total year CapEx will remain within the 3%-5% of revenue range. The company expects full-year adjusted free cash flow conversion in the high 40% range, compared with mid to high 40% in July, and expects the Middle East, North Africa, and Asia region to increase mid to high single digits sequentially in Q4. For 2027, excluding the Middle East, international market activity levels should rise mid to high single digits, North America will likely be up low single digits, and global market activity should increase in the mid-single digits with a more noticeable increase starting in the second quarter; Weatherford expects to be higher than that. The company expects to achieve 50% conversion in 2027, annual cash savings of approximately $20 million-$30 million beginning in 2027, at least $15 million of NCS cost synergies within 18 months of closing, Venezuela to ramp up in 2027 to triple-digit revenues, and MPD business growth above double digits this year.Weatherford International Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
69
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.69B | 4.92B | 5.51B | 5.13B | 4.33B | 3.65B |
| Gross Profit | 2.88B | 1.07B | 1.91B | 1.74B | 1.31B | 929.00M |
| EBITDA | 837.00M | 970.00M | 1.24B | 1.01B | 697.00M | 357.00M |
| Net Income | 405.00M | 431.00M | 506.00M | 417.00M | 26.00M | -450.00M |
Balance Sheet | ||||||
| Total Assets | 5.34B | 5.20B | 5.16B | 5.07B | 4.72B | 4.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 1.04B | 916.00M | 958.00M | 910.00M | 951.00M |
| Total Debt | 1.63B | 1.75B | 1.79B | 2.06B | 2.41B | 2.62B |
| Total Liabilities | 3.34B | 3.50B | 3.88B | 4.15B | 4.17B | 4.28B |
| Stockholders Equity | 1.96B | 1.70B | 1.28B | 924.00M | 535.00M | 472.00M |
Cash Flow | ||||||
| Free Cash Flow | 578.00M | 450.00M | 493.00M | 623.00M | 217.00M | 237.00M |
| Operating Cash Flow | 770.00M | 676.00M | 792.00M | 832.00M | 349.00M | 322.00M |
| Investing Cash Flow | -227.00M | -145.00M | -293.00M | -289.00M | -54.00M | -83.00M |
| Financing Cash Flow | -363.00M | -474.00M | -511.00M | -514.00M | -248.00M | -403.00M |
Weatherford International Technical Analysis
Positive
88.00
Price Trends
85.33
Positive
86.82
Positive
92.69
Negative
Market Momentum
>-0.01
Negative
61.75
Neutral
83.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WFRD, the sentiment is Positive. The current price of 88 is above the 20-day moving average (MA) of 79.50, above the 50-day MA of 85.33, and below the 200-day MA of 92.69, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 83.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WFRD.
Weatherford International Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $6.42B | 15.74 | 22.51% | 1.21% | -5.65% | 0.77% | |
71 Outperform | $55.60B | 17.84 | 16.25% | 1.64% | 0.42% | 1.75% | |
69 Neutral | $78.78B | 25.52 | 10.66% | 2.20% | 4.55% | -20.58% | |
67 Neutral | $29.31B | 14.83 | 18.46% | 1.92% | 1.53% | 58.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $1.91B | 93.51 | 1.37% | 4.67% | -7.11% | -70.32% | |
58 Neutral | $7.20B | 77.65 | 1.53% | 2.15% | -1.63% | -78.44% |
* Energy Sector Average
WFRD
Weatherford International
88.60
18.89
27.10%
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Weatherford International Corporate Events
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Weatherford International advances Ireland-to-Delaware redomestication plan
Positive
Oct 27, 2026
On September 3, 2026, Weatherford shareholders approved a plan to change the company’s legal domicile from Ireland to Delaware via a court-sanctioned scheme of arrangement, under which existing ordinary shares will be cancelled and investors...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Weatherford International to Fully Redeem 8.625% Senior Notes
Positive
Oct 20, 2026
On October 20, 2026, Weatherford International announced it will redeem all of its 8.625% Senior Notes due 2030, totaling $236 million in principal. The notes will be redeemed at par, plus accrued and unpaid interest, on October 30, 2026, with the...
Executive/Board Changes
Weatherford International Announces Chief Accounting Officer Transition
Neutral
Sep 4, 2026
On September 2, 2026, Weatherford International plc announced that Senior Vice President and Chief Accounting Officer Desmond Mills will resign effective October 16, 2026 to pursue another opportunity, marking a planned transition in the company&#...
Business Operations and StrategyShareholder Meetings
Weatherford Shareholders Approve U.S. Redomiciling Restructuring Plan
Positive
Sep 3, 2026
On September 3, 2026, Weatherford International plc shareholders held a Special Scheme Meeting and an Extraordinary General Meeting in which nearly 90% of eligible ordinary shares were represented. At the Scheme Meeting, investors approved a schem...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Weatherford Registers Resale Shares from NCS Multistage Acquisition
Neutral
Sep 1, 2026
On September 1, 2026, Weatherford International plc filed a prospectus supplement with the U.S. Securities and Exchange Commission to register the resale of up to 357,159 ordinary shares by a selling shareholder. These shares were originally issue...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.