WFRD

Barclays Initiates Coverage of Weatherford International (WFRD) with Overweight Recommendation

Fintel reports that on February 28, 2024, Barclays initiated coverage of Weatherford International (NasdaqGS:WFRD) with a Overweight recommendation.

Analyst Price Forecast Suggests 23.00% Upside

As of February 24, 2024, the average one-year price target for Weatherford International is 128.08. The forecasts range from a low of 114.13 to a high of $144.90. The average price target represents an increase of 23.00% from its latest reported closing price of 104.13.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Weatherford International is 5,306MM, an increase of 3.33%. The projected annual non-GAAP EPS is 3.33.

What is the Fund Sentiment?

There are 818 funds or institutions reporting positions in Weatherford International. This is an increase of 327 owner(s) or 66.60% in the last quarter. Average portfolio weight of all funds dedicated to WFRD is 0.40%, an increase of 25.95%. Total shares owned by institutions increased in the last three months by 20.68% to 90,926K shares. WFRD / Weatherford International plc Put/Call Ratios The put/call ratio of WFRD is 0.33, indicating a bullish outlook.

What are Other Shareholders Doing?

WFRD / Weatherford International plc Shares Held by Institutions

Price T Rowe Associates holds 6,227K shares representing 8.61% ownership of the company. In it's prior filing, the firm reported owning 1,521K shares, representing an increase of 75.58%. The firm increased its portfolio allocation in WFRD by 101.66% over the last quarter.

Capital Research Global Investors holds 4,455K shares representing 6.16% ownership of the company. In it's prior filing, the firm reported owning 5,628K shares, representing a decrease of 26.33%. The firm decreased its portfolio allocation in WFRD by 23.41% over the last quarter.

PRNHX - T. Rowe Price New Horizons Fund holds 4,101K shares representing 5.67% ownership of the company. In it's prior filing, the firm reported owning 379K shares, representing an increase of 90.76%. The firm increased its portfolio allocation in WFRD by 1,005.47% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 3,742K shares representing 5.17% ownership of the company. In it's prior filing, the firm reported owning 4,553K shares, representing a decrease of 21.68%. The firm decreased its portfolio allocation in WFRD by 16.56% over the last quarter.

Boston Partners holds 2,283K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 2,206K shares, representing an increase of 3.37%. The firm decreased its portfolio allocation in WFRD by 57.41% over the last quarter.

Weatherford International Background Information
(This description is provided by the company.)

Weatherford is a leading wellbore and production solutions company. Operating in more than 75 countries, the Company answers the challenges of the energy industry with its global talent network of approximately 17,000 team members and approximately 380 operating locations, including manufacturing, research and development, service, and training facilities.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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