In a report released today, Saurabh Pant from Bank of America Securities maintained a Buy rating on Weatherford International, with a price target of $63.00.
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Saurabh Pant has given his Buy rating due to a combination of factors that highlight Weatherford International’s financial performance and market position. The company’s second-quarter adjusted EBITDA was in line with expectations, driven by increased revenues in Production & Intervention and Well Construction & Completion segments, despite some margin pressures in Drilling & Evaluation. Additionally, Weatherford’s free cash flow exceeded consensus estimates, indicating strong cash generation capabilities.
Looking forward, the company’s guidance for the third quarter and full-year 2025 suggests potential upside in EBITDA, with a significant improvement expected in free cash flow conversion. This optimistic outlook is further supported by Weatherford’s steady international exposure and attractive valuation. The decision to maintain the midpoint of the full-year guidance while raising the lower end is seen as a positive indicator of the company’s confidence in its financial trajectory, contributing to the Buy rating.
According to TipRanks, Pant is an analyst with an average return of -2.6% and a 47.57% success rate. Pant covers the Energy sector, focusing on stocks such as Helmerich & Payne, Halliburton, and TechnipFMC.