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RBC Trims Price Target on Weatherford International to $123 From $124

Fiscal.ai

RBC has adjusted its price target for Weatherford International while maintaining an Outperform rating.

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  1. The Motley FoolThe Motley Fool Team

    Weatherford: 3 Key Takeaways for Long-Term Investors

    Weatherford reported Q3 2026 sequential revenue growth of 3% to $1.14 billion despite Middle East headwinds. The company is retiring $236 million in high-yield debt to reduce interest expenses, expanding operations in Venezuela with potential for triple-digit million revenues in 2027, and acquiring NCS Multistage to enhance offshore completions capabilities. Management targets mid-20s EBITDA margins and 50% free cash flow conversion in coming years.