Why These Energy Stocks are Gaining This Week

6. Weatherford International plc (NASDAQ:WFRD

Share Price Gains Between Dec. 5 and Dec. 12: 5.12%

Weatherford International plc (NASDAQ:WFRD) provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.

Weatherford International plc (NASDAQ:WFRD) received a lift on December 11 when Citi raised its price target on the stock from $77 to $93, while keeping a ‘Buy’ rating on its shares. The updated price target represents an upside potential of over 15% as of the writing of this piece, and comes as part of the analyst firm’s outlook for the oil and gas equipment and services group for 2026. According to Citi, the industry has hit the bottom of a two-year downcycle and could exhibit better share performances next year, provided there are no negative estimate revisions.

Earlier, on December 2, UBS analyst Josh Silverstein initiated coverage of Weatherford International plc (NASDAQ:WFRD) with a Neutral rating and a price target of $82. The analyst believes that the company’s exposure to Mexico is turning from a headwind to a tailwind, as it has witnessed sequential revenue improvements in the country over the last two quarters. The analyst also highlighted WFRD’s strong performance over the last few months, with the stock soaring by more than 105% since hitting a multi-year low in April.