| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 63 | 15.8x | 17.3x | Around median | |
Growth | 43 | 100.4% | 7.1% | Around median | |
Quality | 95 | 16.3% | 4.5% | Top tier | |
Safety | 66 | 0.5x | 2.6x | Top tier | |
Capital Return | 87 | 1.21% | 0.06% | Top tier | |
Momentum | 55 | 33.6% | -1.6% | Around median | |
Sentiment | 61 | 8 | 3 | Around median |
The floor: what the company is worth if growth stopped today
14% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Weatherford International provides services and technologies to the oil and gas sector across the well lifecycle, including managed pressure drilling MPD, tubular running services, integrated completions, artificial lift, well intervention, cementing products, and digital solutions. The company operates through three segments, WCC, DRE, and PRI, and relies on an installed equipment base and an operating presence across six continents to generate revenue from product sales, service delivery, and integrated contracts, with a stated focus on higher-return businesses rather than pursuing low-margin revenue.
In Q2 fiscal 2026, Weatherford recorded revenue of $1.105 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $223 million, with a margin of 20.2%. Adjusted free cash flow reached $139 million, equivalent to 62.3% of adjusted earnings before interest, taxes, depreciation, and amortization and 13% of revenue, despite activity disruptions and higher shipping costs in the Middle East, lower activity in Indonesia and Mexico, and a workers' strike in Norway.
Weakness was broad-based across segments in Q2 fiscal 2026, with WCC revenue down 5% year over year, DRE down 13%, and PRI down 3%. The company offset this pressure with cost-reduction measures and improved working capital, which declined to 27% of revenue, a sequential improvement of approximately 90 basis points, while capital expenditures totaled $42 million, or 3.8% of revenue.
The consensus rating is Buy, with an average price target of $135 and a wide range of between $114 and $156. The average target and the upper end are above the 52-week range high of $113.15, while the lower end also exceeds that high by a limited margin, reflecting strong analyst expectations that remain sensitive to continued segment contraction, Middle East disruptions, and execution of the NCS transaction; the full 52-week range extends from $60.235 to $113.15.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Weatherford recorded revenue of $1.105 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $223 million. The adjusted margin was 20.2% and remained nearly stable compared with the previous quarter despite Middle East disruptions and weaker activity in Indonesia and Mexico. The company generated adjusted free cash flow of $139 million, equivalent to conversion of 62.3% and a cash margin of 13% of revenue.
The company expects fiscal 2026 revenue of between $4.54 billion and $4.80 billion. It expects adjusted earnings before interest, taxes, depreciation, and amortization of between $951 million and $1.046 billion, after lowering the midpoint by approximately 1% compared with its April 2026 outlook. It raised its adjusted free cash flow conversion outlook to the mid-to-high 40% range, with an effective tax rate in the low-to-mid 20% range.
In Q2 fiscal 2026, the company secured MPD and offshore intervention contracts with Constellation Oil Services, Ventura Offshore, and Valaris in Brazil. It also won contracts with Noble Corporation and Esso Exploration and Production Nigeria in West Africa, and a five-year framework agreement with Chevron in Australia. Weatherford expects to begin executing some MPD contracts in Q4 fiscal 2026, alongside operating the Managed Pressure Well Center of Excellence to support engineering, manufacturing, maintenance, and remote operations.
Automated analysis for informational purposes only — not investment advice.
NCS adds technologies covering completion design and execution, production optimization, and intervention in the later stages of a well's life. Weatherford aims to expand these technologies from NCS's concentrated base into unconventional markets in the Middle East and Argentina, as well as offshore opportunities such as the North Sea. The transaction is financed primarily through equity, and the company expects annual savings of at least $15 million within 18 months of closing, targeting completion in the second half of fiscal 2026 following the required approvals.
Strong payments from Pemex were an important factor in releasing working capital and generating $139 million in adjusted free cash flow in Q2 fiscal 2026. This marked the third consecutive quarter in which Weatherford received significant collections from the customer, but management described the continuation of the trend with cautious optimism. Conversely, the deferral of several wells and Pemex's spending prioritization resulted in lower-than-expected Mexican activity, and collections remain the largest source of variability in the Q3 fiscal 2026 cash flow outlook.
The key risks are continued Middle East disruptions, which affected first-half fiscal 2026 earnings by between $30 million and $50 million, with the impact expected to increase during the year. WCC, DRE, and PRI revenue also declined year over year by 5%, 13%, and 3%, respectively, in Q2 fiscal 2026, amid pricing pressure and the expiration of the Saudi LSTK contract. Additional risks include cash flow sensitivity to Pemex collections and the approval and execution risks associated with the NCS Multistage transaction and the proposed transfer of legal domicile to Delaware.