Weatherford's Margin Discipline Sets Up Stronger Outlook, RBC Says

MT Newswires Live07-24

Weatherford International (WFRD) is positioned for stronger free-cash-flow generation and peer-leading growth, supported by margin discipline, RBC Capital Markets said Wednesday in a report.

Weatherford lifted its full-year cash-conversion guidance to the mid-to-high-40% range and reiterated confidence in reaching a 50% through-cycle target, even as Middle East disruptions continue to weigh on rig activity, the report said.

RBC said it remains bullish on the stock, pointing to Weatherford's growth outlook and attractive valuation. It lifted its EBITDA estimates to $992 million for 2026 and $1.15 billion for 2027, and introduced a 2028 forecast of $1.24 billion.

RBC maintained its outperform rating on Weatherford stock and its $124 price target.

Price: 85.08, Change: -2.04, Percent Change: -2.34

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