Analyst Phillip Jungwirth of BMO Capital maintained a Buy rating on Weatherford International, boosting the price target to $90.00.
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Phillip Jungwirth has given his Buy rating due to a combination of factors tied to Weatherford’s resilient fundamentals and attractive positioning in key markets. He highlights the company’s strong exposure to international upstream activity, where Weatherford has been able to match the revenue growth of leading peers while maintaining a superior margin and return profile. Despite anticipating slightly lower global spending in 2026 and a softer first half, he expects margins to hold steady or improve, supported by cost discipline, better business mix, and operating leverage across core regions.
He also points to the company’s robust balance sheet and the potential for stronger free cash flow generation, aided in part by improved collections from customers such as PEMEX. While revenue is projected to dip modestly in 2026, Jungwirth expects Weatherford to sustain healthy EBITDA levels and expand margins, with earnings and cash conversion improving into the second half of the year. This combination of international growth leverage, margin resilience, and strengthening cash flow underpins his view that the shares offer attractive upside at current levels, supporting his Buy recommendation.
Jungwirth covers the Energy sector, focusing on stocks such as Phillips 66, Chevron, and Ovintiv. According to TipRanks, Jungwirth has an average return of 3.2% and a 44.83% success rate on recommended stocks.
In another report released on December 18, Piper Sandler also maintained a Buy rating on the stock with a $95.00 price target.