15 NASDAQ Stocks with the Lowest P/E Ratios

3. Weatherford International plc (NASDAQ:WFRD)

Forward P/E ratio: 6.54

No. of Hedge Fund Holders: 36

Weatherford International plc (NASDAQ:WFRD) is a leading global energy services company. It is focused on providing equipment and services used in the drilling, evaluation, and well construction in the oil and natural gas exploration and production industry. Weatherford’s products are also used in new energy platforms. The company operates through three segments including Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI).

In the fiscal year 2024, the company achieved adjusted EBITDA margins exceeding 25%, marking the highest full-year margin in over 15 years. Weatherford International plc (NASDAQ:WFRD) generated $524 million in adjusted FCF, indicating strong cash generation capabilities. In 2024, the company’s international business experienced remarkable growth in the Middle East, North Africa, and Asia regions, growing by 10% on a full-year basis. In the last three years, Weatherford’s Well Services product line has grown over 50%, showing a notable growth vector with low capital intensity.

Rewey Asset Management stated the following regarding Weatherford International plc (NASDAQ:WFRD) in its Q4 2024 investor letter:

“We added shares of Weatherford International plc (NASDAQ:WFRD) in the quarter, a $5.2 billion market cap global provider of oil field services and equipment. We see significant neglect and undervaluation in shares of WFRD, a position that shows a 59.2% upside to our AFV price target of $114 per share, a level that would still be 15.6% below its July 16th, 2024 high of $135.

Weatherford sold off in concert with the broader energy group in 4Q24, as investors fretted about the risks of slowing global oilfield spending in 2025, the potential for more drilling to push down oil prices under a Trump administration andtax loss selling by investors who purchased shares near summer highs. In our view, the current valuation level ignores the significant financial and operational improvement completed since its 2019 restructuring and the strong long-term revenue growth prospects for its globally diversified and technologically leading offerings…” (Click here to read the full text)