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HOUSTON—Mitra Arunava, Executive Vice President and Chief Financial Officer of Weatherford International plc (NASDAQ:WFRD), recently sold a significant portion of company shares. According to a recent SEC filing, Arunava sold a total of 10,000 ordinary shares on February 7, 2025. The shares were sold in two separate transactions, with prices ranging from $66.72 to $67.8211 per share, totaling approximately $675,711. The sale occurred as the company trades at an attractive P/E ratio of 9.9x, with InvestingPro analysis indicating the stock is currently undervalued.
Following these transactions, Arunava retains ownership of 21,072 shares in the company. Weatherford International, a prominent player in the oil and gas equipment sector with a market capitalization of $4.95 billion, has its headquarters in Houston, Texas. The company maintains strong financial health with a current ratio of 2.01, demonstrating solid liquidity. InvestingPro subscribers can access detailed financial analysis and 6 additional ProTips about WFRD’s performance and outlook in the comprehensive Pro Research Report.
In other recent news, Weatherford International plc has been the subject of several analyst adjustments. Piper Sandler lowered its target for Weatherford to $82 due to challenges in Mexico and Russia, while maintaining a neutral rating. Despite these challenges, Weatherford’s revenue is expected to increase in the low single digits year-over-year, excluding Mexico and Russia, due to strong performance in the Middle East.
Similarly, Benchmark reduced its target for Weatherford to $125 from $140, but sustained a buy rating. The firm highlighted Weatherford’s improved profitability and cash generation capabilities, suggesting the stock may be undervalued.
Citi also adjusted its target for Weatherford twice, first to $90 from $95 and then to $95 from $110, while keeping a buy rating. The adjustments reflect concerns about a more significant downturn in upstream spending in Mexico and declining oil activity in Saudi Arabia. Despite these adjustments, Weatherford is expected to generate approximately $550 million in free cash flow in 2025. These are the recent developments for Weatherford International plc.
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