Citigroup Cuts Weatherford International (NASDAQ:WFRD) Price Target to $115.00

Posted by George Bondi on Jun 26th, 2026

Weatherford International (NASDAQ:WFRD – Get Free Report) had its price target lowered by stock analysts at Citigroup from $137.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 39.00% from the company’s previous close.

Several other brokerages have also commented on WFRD. The Goldman Sachs Group lifted their price target on shares of Weatherford International from $83.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Zacks Research raised Weatherford International from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Piper Sandler lifted their target price on Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. UBS Group boosted their target price on Weatherford International from $105.00 to $113.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen raised Weatherford International from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.22.

Read Our Latest Report on Weatherford International

Weatherford International Stock Down 2.5%

WFRD traded down $2.10 on Friday, reaching $82.74. The company’s stock had a trading volume of 1,310,871 shares, compared to its average volume of 1,301,554. The stock has a 50 day moving average of $102.67 and a two-hundred day moving average of $95.38. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.76 and a beta of 0.82. Weatherford International has a fifty-two week low of $49.37 and a fifty-two week high of $113.15.

Weatherford International (NASDAQ:WFRD – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.47. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts forecast that Weatherford International will post 6.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Weatherford International

A number of institutional investors and hedge funds have recently made changes to their positions in WFRD. Smartleaf Asset Management LLC grew its holdings in shares of Weatherford International by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock worth $25,000 after buying an additional 178 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Weatherford International during the 4th quarter valued at approximately $26,000. Leonteq Securities AG acquired a new stake in Weatherford International during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its position in Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 253 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in Weatherford International during the 1st quarter worth approximately $53,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Company Profile

(Get Free Report)

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.