Weatherford International plc (NASDAQ:WFRD) is one of the 7 Best Geothermal Stocks to Buy Now.
On April 23, 2026, Piper Sandler raised its price target on Weatherford International plc (NASDAQ:WFRD) to $118 from $115 and maintained an Overweight rating. The firm said management struck a positive tone for the second half of 2026 and beyond, driven by global energy security-related investment. While Piper cut Q2 estimates due to an expected $30M to $50M profit impact in the first half from disruptions in the Middle East, it noted management expects activity to rebound in the second half if the conflict is resolved by the end of Q2. The firm added that a prolonged conflict could create roughly $10M in monthly earnings risk in the second half of the year.
On April 21, 2026, Weatherford reported Q1 EPS of $1.49, above the $1.06 consensus, and revenue of $1.15B versus $1.14B consensus. Girish Saligram said the company delivered strong operating results despite disruptions in the Middle East, citing efforts to protect employees, maintain customer operations, and offset revenue losses and higher costs tied to the Iran conflict through strength in other parts of the business. He added that near-term visibility remains limited, with Q2 expected to be softer than previously anticipated, though the company maintained its second-half outlook and full-year adjusted free cash flow guidance.
Earlier in the month, Weatherford announced plans to redomicile its parent company from Ireland to the U.S., with Texas set to become its new legal home, subject to shareholder and customary approvals. The company said the move is expected to simplify its corporate structure, potentially broaden its U.S. shareholder base, improve flexibility around tax developments, and enhance long-term shareholder value without affecting its global operations.
Weatherford International plc (NASDAQ:WFRD) provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells globally.
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