Billionaire David Einhorn’s 10 Stock Picks with Huge Upside Potential

3. Weatherford International plc (NASDAQ:WFRD)

Greenlight Capital’s Q4 Stake: $32.7 million

Analyst Upside as of April 30: 105.28%

Number of Hedge Fund Holders: 36

Weatherford International plc (NASDAQ:WFRD) offers services and equipment to the natural gas and oil exploration and production industries. The company operates in three segments: Drilling and Evaluation (DRE), Well Construction and Completion (WCC), and Production and Intervention (PRI).

On April 24, Raymond James analyst James Rollyson decreased Weatherford International plc (NASDAQ:WFRD)’s stock rating from Strong Buy to Outperform. In line with the rating change, the price target dropped from $73 to $69. The downgrade comes as Weatherford faces ongoing issues due to its notable exposure in Mexico, where activity from Pemex, the state-owned petroleum company, diminished more than expected. Rollyson stated that the company’s near-term results have been impacted by the downturn, although he expects a leveling out in the future. He also mentioned that the company is now in a far better position compared to previous market downturns.

Weatherford International plc (NASDAQ:WFRD) reported first-quarter 2025 earnings of $1.03 per share, exceeding analysts’ forecasts of $0.92. The company’s revenue came in at $1.19 billion, which met expectations. Despite troubling market conditions, Weatherford’s performance proved resilient, with adjusted EBITDA margins reaching 21.2%. The company also recorded an adjusted free cash flow of $66 million and a free cash flow conversion rate of 26.1%, up from 24.4% the previous year.