Professional
Added to YB: 2024-12-02
Pitch date: 2024-09-30
WFRD [bullish]
Weatherford International plc
-2.82%
current return
Author Info
No bio for this author
Company Info
Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.
Market Cap
$5.3B
Pitch Price
$82.68
Price Target
N/A
Dividend
1.36%
EV/EBITDA
4.70
P/E
13.28
EV/Sales
1.22
Sector
Energy Equipment and Services
Category
growth
Alger Small Cap Focus Fund Portfolio Holding: Weatherford International plc
WFRD: Global oil & gas tech leader w/ 3 core segments. Strong portfolio, int'l/offshore growth, margin focus led to debt reduction & shareholder returns. Q2 results strong w/ raised FCF guidance. Underperformed due to lower oil prices & reduced production activity. Robust tech & mgmt commitment to profitability across segments.
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