STOCK TITAN
  1. Home
  2. News
  3. WFRD

Weatherford International plc Ordinary Shares - WFRD STOCK NEWS

Welcome to our dedicated page for Weatherford International plc Ordinary Shares news (Ticker: WFRD), a resource for investors and traders seeking the latest updates and insights on Weatherford International plc Ordinary Shares stock.

Weatherford International plc (symbol: WFRD) is a prominent multinational company specializing in oilfield services and solutions. Operating in over 100 countries, Weatherford offers a comprehensive portfolio that spans the entire life cycle of a well, including drilling, formation evaluation, well construction, and completion. The company's core business revolves around delivering innovative technologies and services to the oil and gas industry.

Weatherford is recognized as a global market leader in artificial lift systems and tubular running services. In addition to these key areas, the company provides a wide array of other essential oilfield services such as cementing products, directional drilling, and wireline evaluation. This diversified service offering ensures that Weatherford can meet the complex needs of oilfield operations across various international markets.

Recently, Weatherford has achieved significant milestones in both technology and market expansion. The company continues to invest in research and development, ensuring that its products remain at the forefront of industry innovation. Moreover, Weatherford has formed strategic partnerships to enhance its service delivery and expand its market presence.

Financially, Weatherford is committed to maintaining a robust economic foundation. The company’s strategic focus on segment adjusted EBITDA as a primary measure of profitability ensures that it remains financially sound while delivering shareholder value. For further details, you can reach out to Mohammed Topiwala, Vice President of Investor Relations and M&A, at investor.relations@weatherford.com. For media inquiries, contact Kelley Hughes, Sr. Director of Communications & Employment Engagement, at media@weatherford.com.

News

Weatherford Awarded 10K DPR Intervention Services Contract with Petrobras

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has secured a five-year contract with Petróleo Brasileiro S.A. (Petrobras) in Brazil to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. The contract, commencing March 2025, will replace a current six-system contract and will incorporate Weatherford's industry-leading Intervention Workover Control Systems (IWOCS) and cutting-edge digitalization solution, the Centro™ well construction optimization platform. Weatherford President and CEO, Girish Saligram, expressed satisfaction in winning another Petrobras contract, emphasizing the strength of their Brazilian operations and the opportunity to extend the productive life of Petrobras' assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.91%
Tags
none
-
News

Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular

Rhea-AI Summary
Ascent Industries Co. (Nasdaq: ACNT) has appointed John W. Johnson as president of Ascent Tubular, bringing over 20 years of leadership experience in global industrial-focused companies. With a proven track record of implementing successful transformation strategies, Mr. Johnson aims to drive improved financial performance for Ascent Tubular. His appointment reflects Ascent's commitment to strengthening operational leadership and driving profitability across the organization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
management
-
News

Weatherford Hosts FWRD Digital Conference Introducing Cutting-Edge Technology

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) commenced its 19th annual FWRD Digital Conference, focusing on industry digitalization, AI, and decarbonization solutions for the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
none
News

Weatherford Announces Agreement with Honeywell to Deliver Advanced Emissions Management Solution

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has signed an MOU with Honeywell to deliver a combined CygNet™ SCADA and Honeywell Emissions Management suite for advanced emissions management. The integrated system aims to facilitate immediate access to essential data, empower decision-makers to act swiftly to mitigate risks, and enhance operational efficiency to achieve decarbonization targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
Tags
none
-
News

Weatherford Announces Upgrade in Credit Rating To 'B+' From 'B', Outlook Positive

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) announced that its issuer credit rating has been upgraded to 'B+' from 'B' by S&P Global Ratings. The upgrade is based on the company's continued debt repayment, improved profitability, and demand conditions. The positive outlook reflects the expectation of further improvements in credit metrics and debt repayment. Girish Saligram, President and CEO of Weatherford, expressed satisfaction with the rating upgrade, stating that it reinforces the company's improvements in operating performance and balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
Tags
none
-
News

Weatherford Announces Upgrade in Credit Rating to ‘B1’ from ‘B2’, Positive Outlook

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has announced that Moody's Investors Service upgraded its Corporate Family Rating to B1 from B2 with a Positive Outlook. This upgrade is a result of the Company reducing its balance sheet debt and growing earnings. The positive outlook indicates strong demand for Weatherford's services and potential for further improvement in its credit profile.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
none
News

Weatherford Announces Fitch Credit Rating of ‘B+’

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has received a credit rating of 'B+' with Stable Outlook from Fitch Ratings. The rating reflects the company's diversification, size, scale, improving margin profile, and debt-focused capital allocation. Girish Saligram, President and CEO of Weatherford, expressed satisfaction with the positive rating and highlighted the continuous improvements in operating performance and balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
none
-
News

Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) announced its Q3 2023 results, with revenues of $1.31 billion, up 3% sequentially and 17% YoY. Operating income increased 8% sequentially and 80% YoY. Net income increased 50% sequentially and 339% YoY. Adjusted EBITDA increased 5% sequentially and 43% YoY. Cash provided by operating activities was $172 million. Weatherford also announced a $550 million credit facility and launched the ForeSite® ReGenX-i, the energy industry’s first regenerative variable-speed drive for rod-lift systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
earnings
-
News

Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity

Rhea-AI Summary
Weatherford International plc announced a five-year credit facility of $550 million, comprising of $250 million for performance letters of credit and $300 million as a cash revolver. There is also an option for a $200 million accordion. The CEO expressed satisfaction with the milestone, stating that it enhances liquidity and balance sheet flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
none
News

Weatherford Announces Intention to Redeem $50 Million Principal Amount of 6.50% Senior Notes Due 2028

Rhea-AI Summary
Weatherford International plc announces redemption of $50 million of its 6.50% Senior Notes due 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
none

FAQ

What is the current stock price of Weatherford International plc Ordinary Shares (WFRD)?

The current stock price of Weatherford International plc Ordinary Shares (WFRD) is $85.83 as of November 22, 2024.

What is the market cap of Weatherford International plc Ordinary Shares (WFRD)?

The market cap of Weatherford International plc Ordinary Shares (WFRD) is approximately 6.3B.

What does Weatherford International plc specialize in?

Weatherford specializes in oilfield services, including drilling, well construction, formation evaluation, and completion.

In how many countries does Weatherford operate?

Weatherford operates in over 100 countries worldwide.

What are some of Weatherford's key service areas?

Key service areas include artificial lift systems, tubular running services, cementing products, directional drilling, and wireline evaluation.

Who can I contact for investor relations at Weatherford?

For investor relations, you can contact Mohammed Topiwala, Vice President of Investor Relations and M&A, at investor.relations@weatherford.com.

Who should media inquiries be directed to at Weatherford?

Media inquiries should be directed to Kelley Hughes, Sr. Director of Communications & Employment Engagement, at media@weatherford.com.

What is Weatherford's approach to financial measurement?

Weatherford uses segment adjusted EBITDA as its primary measure of segment profitability.

Are there any recent achievements for Weatherford?

Yes, Weatherford has made significant achievements in technology and has expanded its market presence through strategic partnerships.

Does Weatherford invest in research and development?

Yes, Weatherford continues to invest in research and development to stay at the forefront of industry innovation.

What is the significance of Weatherford in the oil and gas industry?

Weatherford provides essential technologies and services that support the entire life cycle of a well, making it a critical player in the oil and gas industry.

Where can I find more information about Weatherford?

You can visit Weatherford’s official website at www.weatherford.com for more information.

Stock WFRD logo
Weatherford International plc Ordinary Shares

Nasdaq:WFRD

WFRD Rankings

#1151 Ranked by Market Cap
#1714 Ranked by Dividends

WFRD Stock Data

6.29B
71.53M
1.54%
98.69%
2.89%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
Link
United States of America
HOUSTON