Weatherford International PLC Ordinary Shares - New

WFRD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$56.00	Jhg	Vkgq

Weatherford International: Updating Our Valuation After a Second Look

Joshua Aguilar ,

Aug 21, 2024

After taking a second look at no-moat Weatherford International's second-quarter earnings release, we are reducing our fair value estimate to $91 per share from $94. This is largely the result of reevaluating our gross margin outlook to more accurately reflect the firm's near-term prospects. However, this does not change our view that the shares are slightly overvalued, given our Very High Morningstar Uncertainty Rating.

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