BMO Capital Markets is optimistic on Weatherford International going forward. The bank initiated the energy services stock at an outperform rating and set a price target of $82. This implies a potential upside of 27% from Thursday close. Shares of Weatherford have slipped 10% this year. While it has recovered from its lows of the year, analyst Phillip Jungwirth wrote that he still views the stock as attractively valued. Indeed, the stock trades at a forward price-to-earnings multiple of 12.4, well below the S & P 500’s 25. WFRD YTD mountain WFRD YTD chart Jungwirth pointed to Weatherford’s strong internationally weighted portfolio. In 2024, international markets represented 81% of the company’s revenues, he said. “Oilfield services has been challenging, although we like Weatherford’s international weighting, where activity should steady near-term, and we see greater long-term upside,” he wrote. “Weatherford is a market leader across several niche markets, including managed pressure drilling, tubular running services, fishing & re-entry, and cementation products, along with large businesses in artificial lift and completion equipment & services.” Another highlight for the company comes from its robust financial performance, which can favorably compete against the big three players SLB, Halliburton and Baker Hughes, Jungwirth wrote. “Adjusted EBITDA margin outperformed the Big 3 in 2024, and while 2025 margins declined, they should remain above HAL/BKR, since margins have likely bottomed,” the analyst added. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
