Professional
Added to YB: 2025-01-20
Pitch date: 2025-01-10
WFRD [bullish]
Weatherford International plc
+4.37%
current return
Author Info
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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
$5.4B
Pitch Price
$70.19
Price Target
114.00 (+54%)
Dividend
1.35%
Sector
Energy Equipment and Services
Category
turnaround
Rewey Asset Management New Position: Weatherford International plc
WFRD: $114 PT, 59.2% upside. Global oil services co. Strong financials post-2019 restructuring: 0.53x net debt/EBITDA, $500M FCF (9.7% yield). Diversified revenue, high-margin segments. Margins rival SLB at 25%, potential for high 20s. Undervalued at 4.44x 2024 EBITDA vs peers 6-9x. M&A potential.
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