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Weatherford International (NASDAQ:WFRD) stock has reached a new 52-week low, trading at $60.35, representing a stark decline from its 52-week high of $135. According to InvestingPro analysis, despite the current market headwinds, the company maintains strong financial health with a "GREAT" overall rating. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a substantial 1-year decline of 42.7%. Investors are closely monitoring Weatherford’s performance as it navigates through a complex landscape marked by fluctuating demand and competitive pressures. Trading at a P/E ratio of 9.03 and currently showing signs of being undervalued, the company’s potential rebound is supported by analyst targets ranging from $77 to $125. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which includes detailed valuation metrics and growth prospects.
In other recent news, Weatherford International has experienced several adjustments in its stock price targets by major analyst firms. Piper Sandler lowered its target to $82 due to challenges in Mexico and Russia, which are expected to impact the company’s earnings. The firm maintained a Neutral rating, highlighting a projected decline in international revenue by mid-single digits, although revenue outside these regions may see slight growth. Meanwhile, Benchmark revised its target to $125 from $140, maintaining a Buy rating, noting Weatherford’s improved margins and cash flow, which suggest the stock might be undervalued. Citi also adjusted its target to $90 from $95, keeping a Buy rating, due to a more significant downturn in upstream spending in Mexico and reduced activity in Russia. The analyst noted that these regions are crucial to Weatherford’s revenue and profit margins. Despite these challenges, Citi projects Weatherford’s EBITDA for the first quarter to be $273 million, with a full-year 2025 forecast of $1.18 billion. Additionally, Citi’s previous adjustment to $95 from $110 reflected concerns about declining investments in Mexico and Saudi Arabia, with a continued Buy rating indicating a positive long-term outlook.
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