Weatherford International (NASDAQ:WFRD) Stock Jumps 6% After Strong Earnings

Weatherford International PLC (NASDAQ:WFRD)’s stock price rose 6% during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $84.80 and last traded at $84.0820. Approximately 232,388 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,222,005 shares. The stock had previously closed at $79.34.

The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share.

Weatherford International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.2750 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 6th. Weatherford International’s dividend payout ratio is 21.70%.

More Weatherford International News

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

• Positive Sentiment: Weatherford reported third-quarter adjusted EPS of $1.66, exceeding the roughly $1.21–$1.33 analyst estimates and rising from $1.12 a year earlier. Revenue of $1.14 billion also edged past expectations of $1.13 billion. Weatherford Announces Third Quarter 2026 Results
• Positive Sentiment: The earnings beat was accompanied by solid profitability, including a 7.66% net margin and 21.50% return on equity. Commentary highlighting real cash flow may further reassure investors about the quality of the reported earnings. Weatherford Q3 2026 Earnings
• Positive Sentiment: Weatherford declared a quarterly dividend of $0.275 per share, or $1.10 annualized, representing an approximately 1.4% yield. The dividend is payable December 3 to shareholders of record November 6.
• Positive Sentiment: Despite reducing their targets, Citigroup and Piper Sandler maintained constructive views: Citi kept a Buy rating with a $112 target, while Piper retained an Overweight rating with a $110 target. Both targets remain well above the quoted share price. Piper Sandler Weatherford Rating
• Neutral Sentiment: Improving oilfield activity and hiring in Venezuela could create longer-term regional opportunities for oilfield-services providers such as Weatherford, though the potential impact remains uncertain. Venezuela Oilfield Investment
• Negative Sentiment: Third-quarter revenue declined 7.2% year over year, signaling softer underlying activity despite the strong EPS performance.
• Negative Sentiment: Citigroup lowered its price target from $115 to $112, and Piper Sandler reduced its target from $118 to $110. The cuts suggest analysts see less near-term upside than previously expected. Citigroup Lowers Weatherford Price Target

Analyst Upgrades and Downgrades

Several analysts have issued reports on WFRD shares. Barclays cut their price objective on Weatherford International from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Piper Sandler decreased their target price on shares of Weatherford International from $118.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group dropped their target price on shares of Weatherford International from $106.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen downgraded shares of Weatherford International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, UBS Group cut their price target on shares of Weatherford International from $120.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.29.

Insider Transactions at Weatherford International

In other news, Director Neal P. Goldman sold 16,000 shares of Weatherford International stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $84.84, for a total transaction of $1,357,440.00. Following the transaction, the director owned 12,187 shares in the company, valued at approximately $1,033,945.08. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin Duster, IV sold 6,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $86.09, for a total value of $516,540.00. Following the transaction, the director directly owned 11,187 shares in the company, valued at $963,088.83. The trade was a 34.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,094 shares of company stock valued at $2,244,487 over the last quarter. Company insiders own 2.08% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

Hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC boosted its position in Weatherford International by 3,125.3% during the 2nd quarter. Squarepoint Ops LLC now owns 71,731 shares of the company’s stock worth $5,846,000 after acquiring an additional 69,507 shares during the period. Baird Financial Group Inc. grew its stake in Weatherford International by 11.9% during the 2nd quarter. Baird Financial Group Inc. now owns 156,542 shares of the company’s stock valued at $12,758,000 after acquiring an additional 16,605 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Weatherford International in the 2nd quarter valued at about $15,269,000. California Public Employees Retirement System increased its holdings in shares of Weatherford International by 13.8% in the 1st quarter. California Public Employees Retirement System now owns 171,477 shares of the company’s stock valued at $16,218,000 after purchasing an additional 20,803 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Weatherford International by 19.3% in the 2nd quarter. Tidal Investments LLC now owns 89,847 shares of the company’s stock valued at $7,323,000 after purchasing an additional 14,537 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Stock Up 7.2%

The business’s 50-day moving average price is $86.00 and its 200-day moving average price is $92.38. The firm has a market capitalization of $6.08 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 0.81.

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.