At the end of the latest market close, Weatherford International plc (WFRD) was valued at $20.38. In that particular session, Stock kicked-off at the price of $21.80 while reaching the peak value of $24.69 and lowest value recorded on the day was $21.80. The stock current value is $23.58.Recently in News on October 12, 2021, Weatherford International plc Announces Cash Tender Offer for up to $1,500 million of Weatherford International Ltd.’s 11.00% Senior Notes Due 2024. Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its wholly owned subsidiary, Weatherford International Ltd. (the “Issuer”), has commenced a tender offer (the “Tender Offer”) to purchase for cash up to $1,500,000,000 aggregate principal amount of its outstanding 11.00% Senior Notes due 2024 (the “Notes”). You can read further details here
Weatherford International plc had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $24.69 on 10/12/21, with the lowest value was $5.45 for the same time period, recorded on 01/04/21.
Weatherford International plc (WFRD) full year performance was 899.15%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Weatherford International plc shares are logging 11.49% during the 52-week period from high price, and 1181.52% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.84 and $21.15.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 818638 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Weatherford International plc (WFRD) recorded performance in the market was 293.00%, having the revenues showcasing 32.99% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.63B, as it employees total of 17200 workers.
Specialists analysis on Weatherford International plc (WFRD)
During the last month, 0 analysts gave the Weatherford International plc a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 16.69, with a change in the price was noted +12.28. In a similar fashion, Weatherford International plc posted a movement of +108.67% for the period of last 100 days, recording 331,758 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WFRD is recording 3.60 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.59.
Trends and Technical analysis: Weatherford International plc (WFRD)
Raw Stochastic average of Weatherford International plc in the period of last 50 days is set at 89.78%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 87.23%. In the last 20 days, the company’s Stochastic %K was 84.22% and its Stochastic %D was recorded 79.77%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 293.00%. Additionally, trading for the stock in the period of the last six months notably improved by 107.84%, alongside a boost of 899.15% for the period of the last 12 months. The shares increased approximately by 17.37% in the 7-day charts and went down by 39.77% in the period of the last 30 days. Common stock shares were driven by 32.99% during last recorded quarter.