Weatherford International Rose 8% in the Last 30 Days. Here’s Where the Stock Could Go in 2026

Nikko Henson4 minute read
Reviewed by: Thomas Richmond
Last updated May 23, 2026

Key Stats for WFRD Stock

  • 30-Day Performance: 8%
  • 52-Week Range: $43 to $113
  • Valuation Model Target Price: around $130
  • Implied Upside: 20%

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What Happened?

Weatherford International plc stock rose about 8% over the last 30 days, recently trading near $109 per share as investors reassessed one of the stronger turnaround stories in oilfield services. The market is watching whether Weatherford can keep closing the quality gap with larger peers such as SLB, Halliburton, and Baker Hughes by delivering stronger free cash flow, a cleaner balance sheet, offshore contract wins, and better international execution.

The stock moved higher because investors looked past Weatherford’s softer revenue growth and focused on stronger cash generation, second-half recovery potential, and new offshore momentum. Weatherford reported Q1 revenue of $1.152 billion, adjusted EBITDA of $233 million at a 20.2% margin, adjusted free cash flow of $85 million, and diluted EPS of $1.49, up 44% year over year.

Revenue fell 3% year over year, mainly due to the Argentina Pressure Pumping divestiture, but adjusted free cash flow rose 29%, showing the company is still converting earnings into cash despite a choppier activity backdrop.

This week’s contract news gave investors another reason to stay constructive. Weatherford announced a deepwater integrated completions contract with Esso Exploration & Production Nigeria Ltd., an ExxonMobil affiliate, for offshore Nigeria, covering integrated upper and lower completions systems for deepwater wells.

CEO Girish Saligram said Weatherford is “very encouraged about second half 2026,” supported by contract awards and project start-ups in Argentina, the UAE, Brazil, Australia, Indonesia, and Egypt, while full-year guidance calls for revenue of $4.5 billion to $5.0 billion, adjusted EBITDA of about $945 million to $1.1 billion, and adjusted free cash flow conversion in the mid-40% range.

Analyst actions and institutional filings also supported sentiment. Barclays raised its price target on Weatherford to $156 from $111 while keeping an Overweight rating, reinforcing the view that Wall Street is giving the company more credit for margin discipline, free cash flow, and international exposure.

Recent filings also showed Mitsubishi UFJ Trust & Banking increased its stake by 51% to 45,352 shares, while Vanguard remained a large holder, suggesting institutions remain engaged even after the stock’s strong run.

Weatherford International stock
WFRD Guided Valuation Model

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Is WFRD Undervalued?

Under valuation assumptions, the stock is modeled using:

  • Revenue Growth (CAGR): 2%
  • Operating Margins: 16%
  • Exit P/E Multiple: 16x

Weatherford’s valuation setup depends less on rapid revenue growth and more on whether the company can protect margins as international oilfield activity, offshore projects, and production-focused services recover.

That matters because Weatherford sells drilling, completions, and production services that help energy companies build wells, improve output, and keep mature fields producing, so stronger offshore and international activity can improve utilization and revenue quality.

Weatherford International stock
WFRD Revenue & Analyst Growth Estimates Over Five Years

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Compared with larger peers such as SLB, Halliburton, and Baker Hughes, Weatherford’s current story is more focused on self-help: portfolio cleanup, lower capital intensity, working capital improvement, and better free cash flow conversion.

The key business drivers over the next 12 months are second-half project start-ups, deepwater activity, artificial lift demand, well construction work, and customer spending outside North America.

At current levels, Weatherford International appears modestly undervalued, with the model estimating a target price of around $130 and about 20% upside, but future returns depend on execution, second-half international activity, offshore contract conversion, and free cash flow durability rather than a big revenue acceleration.

How Much Upside Does WFRD Stock Have From Here?

Investors can estimate Weatherford International’s potential share price, or what any stock could be worth, in under a minute using TIKR’s New Valuation Model tool.

All it takes is three simple inputs:

  1. Revenue Growth
  2. Operating Margins
  3. Exit P/E Multiple

From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.

If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.

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