Weatherford Downgraded As Analyst Sees Limited Returns Despite Deleveraging Efforts
Weatherford Downgraded As Analyst Sees Limited Returns Despite Deleveraging Efforts
The analyst estimates a total return potential of 4% for every dollar invested in Weatherford over the next 12 months, comprising a 1% dividend yield, ~1% from share repurchases, and ~2% upside to consensus estimates.Goldman Sachs analyst Ati Modak downgraded Weatherford International plc (NASDAQ:WFRD) to Neutral and lowered the target price to $98 from $132.
高盛分析师Ati Modak将Weatherford International plc (纳斯达克:WFRD)的评级下调至中立，并将目标价从132美元下调至98美元。
While WFRD remains a high-quality stock with a solid execution record, the analyst notes the current environment makes international-focused exposure less compelling compared to other energy investment options.
虽然WFRD仍然是一只高质量的股票，具有良好的执行记录，但分析师指出当前的环境使得国际化曝光相比其他能源投资选项显得不够吸引。
Meanwhile, the analyst anticipates earnings growth driven by increased adoption of Managed Pressure Drilling and innovations like RFID technology, alongside margin expansion even in a flat revenue growth environment.
与此同时，分析师预计收入增长将得到管理压力钻探和RFID技术等创新的推动，同时即使在营业收入增长平稳的环境下，利润率也会有所提升。
The analyst estimates a total return potential of 4% for every dollar invested in Weatherford over the next 12 months, comprising a 1% dividend yield, ~1% from share repurchases, and ~2% upside to consensus estimates.
分析师估计，在未来12个月内，在Weatherford投资的每一美元都有4%的总回报潜力，其中包括1%的股息收益率、约1%的股票回购收益和约2%的共识收益预期的上涨。
Based on their estimates, the analyst says that WFRD's planned ~$500 million debt reduction in 2025 could theoretically add ~$9 per share in implied value.
根据他们的估计，分析师表示WFRD计划在2025年减少约50000万美元的债务，这在理论上可能为每股带来约9美元的隐含价值。
However, Modak expects the current environment to prioritize incremental improvements in shareholder returns driven by ongoing deleveraging efforts.
然而，Modak预计当前的环境将优先考虑通过持续去杠杆化努力带来的股东回报的增量改善。
The analyst lowered the 2025/2026 EBITDA estimates by -3%/-8%, reflecting adjusted activity expectations and reduced capital returns.
分析师将2025/2026年的EBITDA预估下调了-3%/-8%，反映了调整后的活动预期和减少的资本回报。
Investors can gain exposure to the stock via Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) and Invesco Dorsey Wright Energy Momentum ETF (NYSE:PXJ).
投资者可以通过景顺Dorsey Wright能源动量可交易ETF (纳斯达克:PXI)和景顺Dorsey Wright能源动量可交易ETF (纽交所:PXJ)获得对该股票的投资曝光。
Price Action: WFRD shares are down 1.99% at $76.49 at the last check Friday.
价格走势：WFRD 股票在上周五最后一次检查时下跌了 1.99%，报 $76.49。
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