Weatherford is one of the larger oilfield service firms in an otherwise hyper-fragmented industry. However, in terms of size, it remains some distance from the industry’s Big Three: Schlumberger, Baker Hughes, and Haliburton.
Weatherford’s pursuit of projects that maximize profitability over projects that increase market share will mitigate margin volatility in downcycles.
Weatherford’s focus on high-margin projects in North America will cost the firm market share within a high-activity region.
|
Metric
|
WFRD
|
HAL
|
SLB
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.97 | 11.79 | 15.59 |
Price/Book Value | 8.41 | 3.44 | 3.34 |
Price/Sales | 1.76 | 1.45 | 2.05 |
Price/Cash Flow | 9.64 | 8.96 | 9.97 |
|
Metric
|
WFRD
|
HAL
|
SLB
|
|---|---|---|---|
Quick Ratio | 1.15 | 1.30 | 0.88 |
Current Ratio | 1.84 | 2.12 | 1.32 |
Interest Coverage | 5.70 | 5.98 | 11.30 |
|
Metric
|
WFRD
|
HAL
|
SLB
|
|---|---|---|---|
Return on Assets (Normalized) | 10.61% | 11.75% | 9.54% |
Return on Equity (Normalized) | 65.22% | 31.52% | 22.91% |
Return on Invested Capital (Normalized) | 21.18% | 18.09% | 14.48% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
SLB
| Schlumberger Ltd | Yrtghfpt | Htpjj | $69.3 Bil | |
HAL
| Halliburton Co | Hjpqldgfv | Yqrcgld | $33.2 Bil | |
BKR
| Baker Hughes Co Class A | Hhwlwynyq | Nyvn | $32.3 Bil | |
TS
| Tenaris SA ADR | Fygdbxryf | Lcqz | $19.7 Bil | |
FTI
| TechnipFMC PLC | Qyxhtln | Cjs | $11.5 Bil | |
NOV
| NOV Inc | Hjwlznch | Rdmh | $7.5 Bil | |
CHX
| ChampionX Corp | Lyfwypcq | Rkm | $6.5 Bil | |
LBRT
| Liberty Energy Inc Class A | Cstmqgs | Vhnlc | $3.8 Bil | |
XPRO
| Expro Group Holdings NV | Ttsfthshp | Lrgr | $2.2 Bil |
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