10 Best Up and Coming Stocks To Buy According to Analysts

7. Weatherford International (NASDAQ:WFRD)

Average Upside Potential as of November 26: 65.04%

Number of Hedge Fund Holders: 43

Weatherford International (NASDAQ:WFRD) is an oilfield services company that provides equipment and services for the oil and natural gas industry. It specializes in various aspects of well operations, including drilling, evaluation, completion, production, and intervention. Its offerings include technologies such as artificial lift systems, cementing products, and drilling tools.

This company has a history of successful acquisitions, which are a part of its strategy to enhance its technology offerings and expand its capabilities within the energy services sector. Most recently, it acquired Datagration Solutions, a company specializing in data integration, analytics, and machine learning. This move will enhance Weatherford International’s (NASDAQ:WFRD) digital capabilities, enabling it to offer more advanced solutions for oil and gas production and asset optimization.

By integrating Datagration’s technology with Weatherford International’s (NASDAQ:WFRD) existing digital platforms, the company aims to improve operational efficiency, enhance decision-making, and accelerate digital transformation across the energy industry. Furthermore, this acquisition will contribute to improved sustainability efforts by allowing for more accurate tracking and management of emissions.

Yacktman Asset Management made the following comment about Weatherford International plc (NASDAQ:WFRD) in its Q3 2022 investor letter:

“Weatherford International plc (NASDAQ:WFRD) shares rallied due to solid revenue growth and margin expansion. After many years of restructuring, the company’s results are improving significantly, which we think offers continued upside to the shares.”