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Weatherford International PLC Ordinary Shares - New WFRD Stock Quote

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Morningstar‘s Stock Analysis WFRD

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Economic Moat


Capital Allocation


High Oil and Gas Demand Worldwide Will Drive Profitable Top-Line Expansion for Weatherford

Analyst Note

| Katherine Olexa |

Weatherford International delivered strong results in the second quarter, posting sequential revenue growth of 13%, ahead of the firm’s prior guidance. The firm raised its full fiscal year guidance following the results, indicating top-line growth in the midteens for 2022. We think the revised guidance is warranted given the favorable outlook for global oil and gas production and development activity over the next few years—Rystad estimates suggest global oil and gas capital expenditures will average 5% through 2026. We’re slightly raising our fair value estimate to $37 from $36 following the results. Our no-moat rating and stable moat trend are unchanged.

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Key Statistics WFRD

Company Profile WFRD

Business Description

Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. Key product lines include artificial lift, tubular running services, cementing products, directional drilling, and wireline evaluation.

2000 St. James Place
Houstan, TX, 77056
T +1 713 836-4000
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 17,000