RBC Capital Cuts WFRD Price Target to $123

RBC Capital reiterated its Outperform rating on Weatherford International plc (NasdaqGS: WFRD) on October 22, 2026, while adjusting its price target from $124.00 to $123.00. According to the research note released on October 22, 2026, the firm kept its positive stance on the oilfield services provider even as it slightly trimmed its target by one dollar.

WFRD Weatherford International plc

$81.41 ▲ +1.50% year to date

1M 3M YTD

Daily close · Oct 22, 2026

RBC Capital's Call on Weatherford International plc

In its October 22, 2026 update, RBC Capital maintained its Outperform rating on the energy company while lowering the price target to $123.00 from $124.00. The adjustment follows a series of updates from other Wall Street research firms covering the stock ahead of the company's next scheduled financial report.

Other Institutional Activity in Weatherford International plc

Large investment firms have adjusted their positions in Weatherford recently. Canoe Financial reduced its holdings by 165,234 shares to end with 516,866 shares valued at about $40,572,126. American Century Companies Inc grew its holdings by 959,011 shares, ending with 2,933,502 shares worth about $237,995,009. First Trust Advisors LP added 727,245 shares for a total of 2,487,704 shares valued at roughly $201,827,418. Fuller & Thaler Asset Management Inc. trimmed its stake by 22,332 shares, leaving it with 2,145,791 shares worth about $174,088,017.

Weatherford International plc Stock Holds Steady

Shares closed at $81.13 on October 22, 2026. The stock recently traded around $85.49, which is up about 5.4% since that event close.

Recent Earnings

Weatherford posted trailing twelve month revenue of $4,688,999,936 alongside earnings of $5.14 per share. The company reported a net profit margin of 8.6% and a return on equity of 23.3%, with its next earnings report scheduled for February 2, 2027.

Dividend

Weatherford pays an annual dividend rate of $1.10 per share, giving the stock a dividend yield of 1.28%. The payout is supported by a dividend payout ratio of 19.2%.

Insider Buying and Selling at Weatherford International plc

Company insiders executed several transactions prior to the rating update. Desmond J Mills sold 10,118 shares valued at $1,061,898 on February 9, 2026. Benjamin C Duster IV sold 6,000 shares at a price of $86.09 for a total of $516,540 on July 23, 2026. Neal P Goldman sold 16,000 shares worth $1,357,426 on July 23, 2026. Jacqueline C Mutschler sold 4,094 shares at a price of $90.50 for a total of $370,487 on August 10, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October 2026. Barclays maintained an Overweight rating with a target of $148.00 down from $151.00 on October 15, 2026. Citigroup maintained a Buy rating and moved its target from $115.00 down to $112.00 on October 19, 2026. Piper Sandler maintained an Overweight rating, lowering its target from $118.00 to $110.00 on October 19, 2026. Barclays later maintained an Overweight rating while lowering its target from $148.00 to $139.00 on October 22, 2026. Across twelve analyst opinions, the stock holds a consensus recommendation of buy with a mean price target of $112.92.

About Weatherford International plc

Based in Houston, Texas, Weatherford International plc provides specialized equipment and operational services for drilling, evaluation, well construction, completion, and intervention across oil, geothermal, and natural gas wells globally. The company operates through three primary segments focused on drilling and evaluation, well construction and completions, and production and intervention.

Bottom Line

Investors will look toward Weatherford's upcoming earnings release on February 2, 2027, for further details on operational execution. Market participants continue to monitor institutional adjustments and evolving analyst price targets as the company navigates its sector environment.