Weatherford International (WFRD, Financial) has entered into a strategic agreement with AIQ, emphasizing a collaboration aimed at enhancing the efficiency in energy production. This partnership will focus on the integration of advanced automation technologies, data analytics, and artificial intelligence.
The collaboration will see Weatherford's suite of software and hardware solutions, such as the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, seamlessly integrated with AIQ’s advanced AI-driven systems. This integration is expected to optimize operations and provide significant improvements in energy production processes.
This strategic alliance highlights the increasing role of technology in the energy sector, as companies seek innovative solutions to maximize efficiency and productivity through cutting-edge automation and data-driven insights.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Weatherford International PLC (WFRD, Financial) is $84.71 with a high estimate of $97.00 and a low estimate of $66.00. The average target implies an upside of 91.27% from the current price of $44.29. More detailed estimate data can be found on the Weatherford International PLC (WFRD) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Weatherford International PLC's (WFRD, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Weatherford International PLC (WFRD, Financial) in one year is $73.47, suggesting a upside of 65.88% from the current price of $44.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Weatherford International PLC (WFRD) Summary page.
