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.
高盛分析師Ati Modak將Weatherford International plc (納斯達克:WFRD)的評級下調至中立，並將目標價從132美元下調至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.
雖然WFRD仍然是一隻高質量的股票，具有良好的執行記錄，但分析師指出當前的環境使得國際化曝光相比其他能源投資選項顯得不夠吸引。
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.
與此同時，分析師預計收入增長將得到管理壓力鑽探和RFID技術等創新的推動，同時即使在營業收入增長平穩的環境下，利潤率也會有所提升。
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.
分析師估計，在未來12個月內，在Weatherford投資的每一美元都有4%的總回報潛力，其中包括1%的股息收益率、約1%的股票回購收益和約2%的共識收益預期的上漲。
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.
根據他們的估計，分析師表示WFRD計劃在2025年減少約50000萬美元的債務，這在理論上可能爲每股帶來約9美元的隱含價值。
However, Modak expects the current environment to prioritize incremental improvements in shareholder returns driven by ongoing deleveraging efforts.
然而，Modak預計當前的環境將優先考慮通過持續去槓桿化努力帶來的股東回報的增量改善。
The analyst lowered the 2025/2026 EBITDA estimates by -3%/-8%, reflecting adjusted activity expectations and reduced capital returns.
分析師將2025/2026年的EBITDA預估下調了-3%/-8%，反映了調整後的活動預期和減少的資本回報。
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).
投資者可以通過景順Dorsey Wright能源動量可交易ETF (納斯達克:PXI)和景順Dorsey Wright能源動量可交易ETF (紐交所:PXJ)獲得對該股票的投資曝光。
Price Action: WFRD shares are down 1.99% at $76.49 at the last check Friday.
價格走勢：WFRD 股票在上週五最後一次檢查時下跌了 1.99%，報 $76.49。
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