Citigroup Cuts WFRD Price Target to $110
Key Points
- Citigroup reduced its price target on Weatherford International to $110, down from $112, on October 26, 2026.
- Citigroup's $110 price target implies 26.66% upside from Weatherford International plc's ($WFRD) current $86.85 share price.
- The stock recently traded around $86.85, which is about 23% below the new target price.
- Weatherford has a market cap of approximately $6.29 billion and is expected to report earnings on February 2, 2027.
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On October 26, 2026, Citigroup lowered its price target on Weatherford International plc (WFRD) to $110 from $112, while maintaining a Buy rating on the stock. This change was noted in their latest research report.
Weatherford's stock closed at $88.60 on the same day, and it has since traded lower, recently at $86.85. This recent price is about 23% below the new target set by Citigroup. The stock is currently above its 50-day moving average by about 1.6%, but below its 200-day moving average by around 6.6%. It also stands about 23.2% below its 52-week high of $113.15.
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Weatherford International plc
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Other Institutional Activity in Weatherford International
Several other institutional investors have recently adjusted their positions in Weatherford. American Century Companies Inc grew its holdings by 959,011 shares, totaling 2,933,502 shares worth about $259.9 million. First Trust Advisors LP also increased its stake by 727,245 shares, bringing its total to 2,487,704 shares valued at around $220.4 million. On the other hand, Fuller & Thaler Asset Management Inc reduced its position by 22,332 shares, now holding 2,145,791 shares worth approximately $190.1 million.
Weatherford International plc Stock Up 7.0%
Weatherford's stock trades below its new price target but is currently above its 50-day moving average. This could suggest a potential for recovery, especially as the company prepares for its earnings announcement on February 2, 2027. The stock's recent price of $86.85 reflects a significant gap from the revised target, which investors may find noteworthy.
$WFRD price target
Weatherford International plc daily closes and this analyst's $110 target. Not advice.
Recent Earnings
Weatherford reported trailing twelve-month revenue of approximately $4.69 billion and an earnings per share (EPS) of $5.31. The company has experienced a year-over-year revenue decline of 7.2%. The next earnings report is scheduled for February 2, 2027.
Dividend
Weatherford pays an annual dividend rate of $1.10 per share, which results in a yield of about 1.27%. The dividend payout ratio stands at 19.2%, indicating a sustainable dividend policy.
Analysts Set New Price Targets
On October 26, 2026, Citigroup maintained its Buy rating on Weatherford International while lowering its price target to $110 from $112. The stock's mean price target among analysts is approximately $112.83, with 12 analysts providing opinions on the stock, reinforcing a generally positive outlook despite the reduced target.
About Weatherford International
Weatherford International plc is an energy services company that provides equipment and services for drilling, evaluating, completing, producing, and intervening in oil, geothermal, and natural gas wells around the globe. The company operates through three segments: Drilling and Evaluation, Well Construction and Completions, and Production and Intervention.
Bottom Line
Investors should watch for Weatherford's next earnings report on February 2, 2027, as it may provide further insights into the company's performance amid these analyst adjustments. Citigroup's recent action to lower the price target, while maintaining a Buy rating, reflects their ongoing confidence in the stock despite the current price gap.
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Source: Citigroup's rating change on $WFRD (Oct 26, 2026). Written by software, not financial advice. How we make alerts