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Investing.com - Piper Sandler has raised its price target on Weatherford International plc (NASDAQ:WFRD) to $80.00 from $79.00 while maintaining an Overweight rating on the stock. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score, supported by a healthy current ratio of 2.21 and moderate debt levels.
The stock showed muted performance following the company’s earnings beat and raised guidance, gaining just 0.6% compared to the 2.2% rise in the OIH oil services index.
Piper Sandler noted that despite positive results, Weatherford may have fallen short of investors’ high expectations, particularly considering its three-month outperformance of 20% versus the OIH’s 11% gain.
The research firm identified several factors potentially impacting the stock’s performance, including lingering concerns about Pemex collections creating uncertainty around fourth-quarter 2025 free cash flow outlook, management’s subdued view on the first half of 2026, and comments about pricing pressure on non-differentiated services.
Despite these challenges, Piper Sandler remains encouraged by Weatherford’s improved rate-of-change and believes the company is well-positioned to capture multiple catalysts through 2026, including margin expansion, free cash flow generation, international recovery, and offshore inflection.
In other recent news, Weatherford International PLC disclosed its third-quarter 2025 earnings results, showcasing a mixed outcome. The company reported earnings per share (EPS) of $1.12, which did not meet the analysts’ projection of $1.18, missing the mark by 5.08%. Despite this, Weatherford’s revenue was a highlight, reaching $1.23 billion, which exceeded expectations of $1.17 billion by 5.13%. This revenue beat indicates strong performance in certain segments of the company’s operations. These recent developments underscore the varied financial results experienced by the company. Analysts and investors are likely to scrutinize these figures to assess Weatherford’s operational efficiency and market position.
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