Weatherford gains as strong Q3 results, higher cash flow outlook lift sentiment

Weatherford International (WFRD) is up 6.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst was a strong third-quarter update that showed sharply better sequential profitability, solid cash generation, and a higher full-year adjusted free cash flow outlook. Investors also appear to be reacting positively to management’s comments about momentum into the fourth quarter, debt reduction, and recent strategic moves that could support 2027 earnings.

Details:

Third-quarter revenue was $1.143 billion, up 3% sequentially, while operating income rose 43% sequentially to $153 million and net income climbed to $120 million.

Adjusted EBITDA reached $254 million with a 22.2% margin, and adjusted free cash flow was $155 million, both improving from the prior quarter.

Management said it was increasing full-year adjusted free cash flow guidance again and still expects a meaningful fourth-quarter EBITDA ramp despite disruption tied to Middle East conflict.

Weatherford also highlighted the completed NCS Multistage acquisition, shareholder approval for a Delaware redomestication expected to create annual cash savings beginning in 2027, and a plan to redeem its 8.625% senior notes due 2030.

Sources:

SEC, Weatherford, Yahoo Finance

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 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $WFRD stock by insiders over the last 6 months:

NEAL P GOLDMAN has made 0 purchases and 2 sales selling 16,000 shares for an estimated $1,357,425.
BENJAMIN DUSTER sold 6,000 shares for an estimated $516,540
JACQUELINE C MUTSCHLER sold 4,094 shares for an estimated $370,486

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.

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$WFRD Hedge Fund Activity

We have seen 208 institutional investors add shares of $WFRD stock to their portfolio, and 203 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SACHEM HEAD CAPITAL MANAGEMENT LP removed 2,525,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $205,787,500
AMERICAN CENTURY COMPANIES INC added 959,049 shares (+48.6%) to their portfolio in Q2 2026, for an estimated $78,162,493
D. E. SHAW & CO., INC. removed 830,789 shares (-80.7%) from their portfolio in Q2 2026, for an estimated $67,709,303
GOLDMAN SACHS GROUP INC removed 773,101 shares (-33.3%) from their portfolio in Q2 2026, for an estimated $63,007,731
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 771,049 shares (+inf%) to their portfolio in Q2 2026, for an estimated $62,840,493
FIRST TRUST ADVISORS LP added 727,237 shares (+41.3%) to their portfolio in Q2 2026, for an estimated $59,269,815
MEREWETHER INVESTMENT MANAGEMENT, LP added 699,412 shares (+inf%) to their portfolio in Q2 2026, for an estimated $57,002,078

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 2 analysts offer price targets for $WFRD in the last 6 months, with a median target of $135.5.

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

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.