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Weatherford International (WFRD)

Weatherford is a leading wellbore and production solutions company. Operating in more than 75 countries, the Company answers the challenges of the energy industry with its global talent network of approximately 17,000 team members and approximately 380 operating locations, including manufacturing, research and development, service, and training facilities.

Company profile

Ticker
WFRD, WFTUF
Exchange
CEO
Mark McCollum
Employees
Location
Fiscal year end
Former names
Weatherford International Ltd
SEC CIK
Subsidiaries
Weatherford Al-Rushaid Co. Ltd. • Weatherford Artificial Lift Systems, LLC • Weatherford Canada Ltd. • Weatherford de Mexico • Weatherford Industria e Comercio Ltda. • Weatherford International • Weatherford International Ltd. • Weatherford International, LLC • Weatherford Management Company Switzerland Sarl • Weatherford Oil Tool GmbH ...

WFRD stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$45.50
Low target
$38.00
High target
$53.00
Goldman Sachs
Maintains
Buy
$38.00
22 Sep 22
Evercore ISI Group
Maintains
Outperform
$53.00
6 Sep 22

Calendar

28 Jul 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.09B 1.09B 1.09B 1.09B 1.09B 1.09B
Cash burn (monthly) (no burn) 24.75M (no burn) 666.67K (no burn) (no burn)
Cash used (since last report) n/a 73.06M n/a 1.97M n/a n/a
Cash remaining n/a 1.02B n/a 1.09B n/a n/a
Runway (months of cash) n/a 41.1 n/a 1632.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jul 22 Desmond J Mills 2021 Program Performance Share Units 2021 Program Performance Share Units Grant Acquire A No No 0 5,000 0 22,102
15 Apr 22 Desmond J Mills Ordinary Shares Sale back to company Dispose D No No 34.0965 7,625 259.99K 11,680
15 Apr 22 Desmond J Mills Ordinary Shares Option exercise Acquire M No No 0 7,625 0 19,305
15 Apr 22 Desmond J Mills Ordinary Shares Payment of exercise Dispose F No No 38.4 3,760 144.38K 11,680
15 Apr 22 Desmond J Mills Ordinary Shares Option exercise Acquire M No No 0 15,440 0 15,440
15 Apr 22 Desmond J Mills Phantom Restricted Share Units Ordinary Shares Option exercise Dispose M No No 0 7,625 0 0
15 Apr 22 Desmond J Mills Restricted Share Units Ordinary Shares Option exercise Dispose M No No 0 15,440 0 15,439
15 Apr 22 Joseph H Mongrain Ordinary Shares Sale back to company Dispose D No No 34.0965 11,144 379.97K 17,071
15 Apr 22 Joseph H Mongrain Ordinary Shares Option exercise Acquire M No No 0 11,144 0 28,215
15 Apr 22 Joseph H Mongrain Ordinary Shares Payment of exercise Dispose F No No 38.4 5,495 211.01K 17,071
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Management Discussion
  • Revenues totaled $3.65 billion in 2021, a decline of 1% compared to 2020. We experienced significant declines in activity after the start of the pandemic in March of 2020 and although revenues are slightly lower in 2021, our revenues in 2021 reflect the ongoing recovery in business activity. Revenues in 2021 reflect a 5% increase in service revenues, which was offset by a 10% decline in product revenues. The revenue increases were related to higher demand for Drilling and Evaluation (“DRE”) and Production and Intervention (“PRI”) businesses, primarily for managed pressure drilling, wireline, intervention and pressure pumping services. These improvements were partially offset by lower demand for products from our Well Construction and Completions (“WCC”), primarily for cementation products and liner hangers, and a decline in demand for the artificial lift within our PRI business.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: aforementioned, antidilutive, calculation, charge, cyber, cybersecurity, denominated, description, fluctuate, gain, movement, nil, proven, recessionary
Removed: attributable, combination, commenced, decline, disaggregate, exclude, high, immaterial, implemented, prevent, set