WFRD

Weatherford International plc - Ordinary Shares - New

Industrial/Transportation


Presented:02/13/2023
Price:$67.85
Cap:$4.79B
Current Price:$90.74
Cap:$6.64B

Presented

Date02/13/2023
Price$67.85
Market Cap$4.79B
Ent Value$5.03B
P/E Ratio215.74x
Book Value$7.54
Div Yield0%
Shares O/S70.61M
Ave Daily Vol797,939
Short Int3.69%

Current

Price$90.74
Market Cap$6.64B
Weatherford International plc engages in the provision of equipment and services to the oil and natural gas exploration and production industry. It operates through following segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC) and Production and Intervention (PRI). The DRE segment offers managed pressure drilling, drilling services, wire line, and drilling fluids. The WCC segment includes tubular running services, cementation products, completions, liner hangers, and well services. The PRI segment covers the intervention services and drilling tools, artificial lift, production automation and software, sub-sea intervention, and pressure pumping services. The company was founded in 1941 and is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Petroleo Brasileiro (PBR), Schlumberger (SLB), Weatherford International (WFRD)

Highlights

The presenter is long shares of Weatherford International (WFRD) as he sees the company positioned to increase value through operational performance and earnings growth. WFRD is the 4th ranked firm in the primarily oil & gas chemicals sub-sector with a long history of poor operational execution which led to a company bankruptcy in July, 2019. A new management team has established a professional approach to the business, worked through its balance sheet issues and is benefiting from strong industry tailwinds. As such he believes WFRD can improve its operations and growth which should drive its earnings multiple closer to peers in the industry

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.