AI Trading NASDAQ Fri, 08 Dec

Dear Reader,

Weatherford International PLC (WFRD) is today’s featured asset. If an investor had followed our AI strategy between 2021-07-02 and 2023-09-26, they could have seen a potential return of 592.82%. On average, each trade was successful 98.8% of the time and lasted 150.0 days, with a total of 6.0 positions taken. The current analyst consensus price target is 75.75 and our AI model is predicting a STRONGBUY for WFRD with a buy price target of 92.47 and an accuracy of 0.76 when predicting an upward trend for the following two weeks.

Weatherford International PLC (WFRD) is a publicly traded oilfield services company headquartered in Houston, Texas. The company provides equipment and services for the drilling, evaluation, completion, production and intervention of oil and natural gas wells worldwide. On December 7, 2023, the stock price of Weatherford International PLC was 92.47.

Weatherford’s markets are divided into four main categories: North America, Europe, Middle East, Africa and Russia (EMEAR); Latin America; Asia Pacific; and Global Drilling and Evaluation. The company operates in over 80 countries and provides services to customers in the exploration and production industry.

Historically, Weatherford’s financial performance has been strong. In its most recent quarter ended December 31, 2022, the company reported a revenue of $4.3 billion and a net income of $26 million. Weatherford’s operating margin in that quarter was 0.1%.

Weatherford’s share price has shown strong performance over the past year. On December 7, 2023, the stock closed at 92.47. This is over 200% higher than the stock’s 52-week low of 16.96 set in December 2020. Over the same time period, Weatherford’s market capitalization has grown from $2.6 billion to $4.7 billion.

The company currently trades at a price to earnings ratio of 179.03, with a price to book ratio of 6.79. Analysts have an average target price of 75.75 for Weatherford, which implies a potential upside of over 18%.

In conclusion, Weatherford International PLC (WFRD) is a leading oilfield services company with a strong financial performance. The stock has seen strong performance over the past year, and analysts expect the stock to continue to appreciate. Investors who are interested in investing in Weatherford should keep an eye on the company’s financial performance and market conditions before making an investment decision.

Symbol: WFRD
AssetType: Common Stock
Name: Weatherford International PLC
Description: Weatherford International plc, an oilfield services company, provides equipment and services for the drilling, evaluation, completion, production and intervention of oil and natural gas wells worldwide. The company is headquartered in Houston, Texas.
CIK: 1603923
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: TECHNOLOGY
Industry: OIL & GAS FIELD MACHINERY & EQUIPMENT
Address: 70 SIR JOHN ROGERSON’S QUAY, DUBLIN, IE
FiscalYearEnd: December
LatestQuarter: 2022-12-31
MarketCapitalization: 4695774000
EBITDA: 787333000
PERatio: 179.03
PEGRatio: None
BookValue: 7.76
DividendPerShare: 0
DividendYield: 0
EPS: 0.37
RevenuePerShareTTM: 61
ProfitMargin: 0.006
OperatingMarginTTM: 0.1
ReturnOnAssetsTTM: 0.0604
ReturnOnEquityTTM: 0.0974
RevenueTTM: 4331000000
GrossProfitTTM: 817000000
DilutedEPSTTM: 0.37
QuarterlyEarningsGrowthYOY: 0
QuarterlyRevenueGrowthYOY: 0.253
AnalystTargetPrice: 75.75
TrailingPE: 179.03
ForwardPE: 16.39
PriceToSalesRatioTTM: 0.76
PriceToBookRatio: 6.79
EVToRevenue: 1.146
EVToEBITDA: 10.16
Beta: 2.136
52WeekHigh: 69.44
52WeekLow: 16.96
50DayMovingAverage: 51.47
200DayMovingAverage: 35.72
SharesOutstanding: 70890000
DividendDate: None
ExDividendDate: None

Date Symbol Prediction Model Accuracy Price Target Analyst Target
2023-12-07 WFRD STRONGBUY 0.76 92.47 75.75

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The Third Perspective Team