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WFTLF - Weatherford International: Watch Out For Nasdaq Relisting
Weatherford International plc
The key highlight of Weatherford's 1Q 2021 results was the company's positive free cash flow, and it has the liquidity to wait out the recovery in global energy markets.
Weatherford is planning to relist its shares on NASDAQ by the second quarter of FY 2021; it was formerly listed on the NYSE prior to being delisted in May 2019.
The market values Weatherford at consensus forward FY 2021 and FY 2022 EV/EBITDA multiples of 4.4 times and 3.6 times, respectively.