BMO Capital analyst Phillip Jungwirth has maintained their bullish stance on WFRD stock, giving a Buy rating on March 23.
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Phillip Jungwirth has given his Buy rating due to a combination of factors, including Weatherford’s resilient fundamentals despite temporary Middle East disruptions that prompted only modest cuts to his 2026 revenue and EBITDA forecasts. He continues to see the company delivering strong free cash flow conversion, with 2026 FCF projected in line with management’s low-to-mid 40% guidance, and believes current share underperformance versus larger peers overly discounts these risks.
Jungwirth also highlights Weatherford’s advantageous international exposure, where it has matched leading competitors in growth while sustaining top-tier margins and attractive returns. With a solid balance sheet, anticipated normalization of Middle East activity in the second half of 2026, and potential upside from higher oil prices globally, he sees meaningful value in WFRD shares at current levels, justifying his Buy recommendation.
According to TipRanks, Jungwirth is a 4-star analyst with an average return of 7.5% and a 52.83% success rate. Jungwirth covers the Energy sector, focusing on stocks such as Chevron, Marathon Petroleum, and Halliburton.
In another report released on March 23, TipRanks – xAI also reiterated a Buy rating on the stock with a $97.00 price target.