Weatherford Tracking Toward Upper End of Q2 Guidance as 2027 Outlook Improves, UBS Says

MT Newswires Live06-26

Weatherford International (WFRD) is tracking toward the upper end of its second-quarter guidance with no major surprises from the Middle East conflict, though headwinds are expected to persist into Q3 before a meaningful Q4 recovery and an improving 2027 outlook, UBS Securities said.

The investment firm forecasts Q2 adjusted EBITDA of $213 million and revenue of $1.074 billion versus Street estimates of $209 million and $1.071 billion. The firm also expects adjusted earnings per share of $1.01, above the consensus estimate of $0.92.

Cease-fire progress and the gradual roll-off of startup costs are expected to support a recovery through year-end, according to the note Wednesday.

UBS also sees tightening regional activity after the conflict creating pricing opportunities that could position Weatherford well heading into 2027.

The pending NCS Multistage (NCSM) acquisition adds further upside. The deal expands Weatherford's completions offering, is expected to generate more than $15 million in annual run-rate synergies and could roughly double non-North American revenue contribution over the long term.

UBS maintained its neutral rating and $113 price target.

Price: 84.42, Change: -0.07, Percent Change: -0.08

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment