Weatherford International slides as oilfield services stocks weaken with crude

Weatherford International plc (WFRD) is down 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be broad weakness across energy and oilfield-services shares as crude prices fell and traders reassessed demand and activity expectations. There does not appear to be a fresh company-specific announcement today, so the move may reflect sector pressure more than a new fundamental change at Weatherford.

Details:

Oilfield-services names were trading lower on June 24 as crude prices dropped after improving tanker movement and easing supply fears tied to the Strait of Hormuz.

Peer companies in the same services group were also in the red, suggesting Weatherford was part of a wider industry selloff rather than an isolated company event.

Weatherford’s most recent company update was its June 11 notice for a second-quarter conference call, and there were no obvious new operating disclosures tied to today’s decline.

A recent overhang may still be in the background: Weatherford announced its NCS Multistage acquisition on June 1, and its redomestication proposals later failed to clear the required voting threshold, which could be adding to investor caution.

Sources:

Weatherford International, Investing.com, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WFRD Insider Trading Activity

$WFRD 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.

$WFRD Hedge Fund Activity

We have seen 235 institutional investors add shares of $WFRD stock to their portfolio, and 187 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
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,806,891 shares (-75.9%) from their portfolio in Q4 2025, for an estimated $141,407,289
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

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.

$WFRD 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 $115.5.

Here are some recent targets:

Scott Gruber from Citigroup set a target price of $137.0 on 06/03/2026
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

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.