Weatherford International plc $WFRD reported second-quarter 2026 revenue of $1.1 billion, down 8.2% from a year earlier but slightly ahead of analyst expectations. The company’s bottom line was weaker, with net income attributable to common shareholders of $39 million and diluted earnings per share of $0.55, both sharply below the prior-year period.
Despite the softer sales and earnings, profitability improved significantly on an operating basis. Gross profit rose to $1.1 billion, while operating profit climbed to $1.06 billion, both showing strong year-over-year gains. Cost of sales came in at $812 million, reflecting improved margins versus last year.
Cash generation remained positive, with cash from operating activities of $136 million. Weatherford also ended the quarter with $1.0 billion in cash and cash equivalents, while total liabilities declined to $3.3 billion. The stock rose 3.38% after the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Weatherford International plc Insider Trading Activity
Weatherford International plc insiders have traded $WFRD stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $WFRD stock by insiders over the last 6 months:
- GIRISH SALIGRAM (President and CEO) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $10,549,548.
- SCOTT C WEATHERHOLT (EVP, GC & CCO) has made 0 purchases and 2 sales selling 37,825 shares for an estimated $3,990,100.
- DESMOND J MILLS (SVP & Chief Accounting Officer) has made 0 purchases and 2 sales selling 10,118 shares for an estimated $1,061,897.
- CHARLES M SLEDGE sold 2,204 shares for an estimated $230,726
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Weatherford International plc Hedge Fund Activity
We have seen 203 institutional investors add shares of Weatherford International plc stock to their portfolio, and 157 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SACHEM HEAD CAPITAL MANAGEMENT LP added 2,525,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $238,814,500
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,805,338 shares (-44.4%) from their portfolio in Q1 2026, for an estimated $170,748,868
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 1,384,142 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $130,912,150
- CAPITAL WORLD INVESTORS added 1,295,000 shares (+617.5%) to their portfolio in Q1 2026, for an estimated $122,481,100
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,173,117 shares (-22.7%) from their portfolio in Q1 2026, for an estimated $110,953,405
- GOLDMAN SACHS GROUP INC added 1,080,407 shares (+86.8%) to their portfolio in Q1 2026, for an estimated $102,184,894
- BLACKROCK, INC. added 934,635 shares (+13.3%) to their portfolio in Q1 2026, for an estimated $88,397,778
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Weatherford International plc Price Targets
Multiple analysts have issued price targets for $WFRD recently. We have seen 6 analysts offer price targets for $WFRD in the last 6 months, with a median target of $114.0.
Here are some recent targets:
- Scott Gruber from Citigroup set a target price of $115.0 on 06/26/2026
- David Anderson from Barclays set a target price of $156.0 on 05/08/2026
- Derek Podhaizer from Piper Sandler set a target price of $118.0 on 04/23/2026
- Josh Silverstein from UBS set a target price of $113.0 on 04/23/2026
- Keith Mackey from RBC Capital set a target price of $105.0 on 03/18/2026
- Atidrip Modak from Goldman Sachs set a target price of $107.0 on 03/04/2026
