Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Weatherford International plc before investing.

In this article, we go over a few key elements for understanding Weatherford International plc’s stock price such as:

• Weatherford International plc’s current stock price and volume
• Why Weatherford International plc’s stock price changed recently
• Upgrades and downgrades for WFRD from analysts
• WFRD’s stock price momentum as measured by its relative strength

About Weatherford International plc (WFRD)

Before we jump into Weatherford International plc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Weatherford International plc is a global energy services company. It provides equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms. It operates through three segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI). DRE offers a suite of services, including managed pressure drilling, drilling services, wireline, and drilling fluids. WCC offers products and services for well integrity assurance across the full life cycle of the well. It offers tubular running services, cementation products, completions, liner hangers, and well services. PRI offers production optimization technologies. Its offerings are intervention services and drilling tools, artificial lift, digital solutions, sub-sea intervention, and pressure pumping services.

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Weatherford International plc’s Stock Price as of Market Close

As of July 17, 2024, 4:00 PM, CST, Weatherford International plc’s stock price was $128.55.

Weatherford International plc is down 4.25% from its previous closing price of $134.26.

During the last market session, Weatherford International plc’s stock traded between $132.03 and $135.00. Currently, there are 72.90 million shares of Weatherford International plc stock available for purchase.

Weatherford International plc’s price-earnings (P/E) ratio is currently at 21.7, which is high compared to the Oil & Gas - Related Services and Equipment industry median of 17.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Weatherford International plc Stock Price History

Weatherford International plc’s (WFRD) price is currently up 4.98% so far this month.

During the month of July, Weatherford International plc’s stock price has reached a high of $135.00 and a low of $119.03.

Over the last year, Weatherford International plc has hit prices as high as $135.00 and as low as $72.57. Year to date, Weatherford International plc’s stock is up 152.45%.

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What Caused Weatherford International plc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 16, 2024, there were 0 analysts who downgraded Weatherford International plc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Weatherford International plc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Weatherford International plc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Weatherford International plc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Weatherford International plc (WFRD) by visiting AAII Stock Evaluator.

Relative Price Strength of Weatherford International plc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 16, 2024, Weatherford International plc has a weighted four-quarter relative price strength of 9.54%, which translates to a Momentum Score of 87 and is considered to be Very Strong.

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Weatherford International plc Stock Price: Bottom Line

As of July 17, 2024, Weatherford International plc’s stock price is $128.55, which is down 4.25% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Weatherford International plc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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