Barclays Predicts 59% Upside for Weatherford International with $156 Target
WFRD•Barclays sets a $156 price target for Weatherford International, implying a 59.43% upside. The company's planned acquisition of NCS Multistage Holdings is projected to generate at least $15 million in annual cost savings and boost adjusted free cash flow per share.
1. Barclays Analyst Price Target
Barclays set a $156 price target for Weatherford International, implying a 59.43% upside, reflecting strong analyst confidence in the company's strategic direction.
2. Acquisition to Expand Well Completions
Weatherford is acquiring NCS Multistage Holdings to expand its well completions portfolio and strengthen its services for unconventional oil and gas resources.
3. Expected Cost Savings and Cash Flow Boost
The acquisition is expected to deliver at least $15 million in annual cost savings and enhance adjusted free cash flow per share despite challenging upstream industry spending.
