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Weatherford International PLC WFTLF

Rating as of

Morningstar’s Analysis

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Economic Moat


Capital Allocation


Weatherford Reports Essentially Flat First-Quarter Results

Preston Caldwell Equity Analyst

Analyst Note

| Preston Caldwell |

Weatherford reported first-quarter revenue down 1% sequentially, with a 6% decrease in the Eastern Hemisphere offset by a 5% increase in the Western Hemisphere. The decline in the Eastern Hemisphere was in line with the usual seasonal patterns, while Western Hemisphere results were uplifted especially by increases in U.S. shale activity. Adjusted operating margins were flat at about negative 2%. Our fair value estimate and no-moat rating are unchanged following the results.

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Company Profile

Business Description

Weatherford International provides a diversified portfolio of oilfield services, with offerings catering to all geographies and different types of oilfields. Key product lines include artificial lift, tubular running services, cementing products, directional drilling, and wireline evaluation.

2000 St. James Place
Houstan, TX, 77056, Ireland
T +1 713 836-4000
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 17,200