BMO says buy this little-known energy stock that's cheap, can jump more than 25%

BMO Capital Markets is optimistic on Weatherford International going forward. The bank initiated the energy services stock at an outperform rating and set a price target of $82. This implies a potential upside of 27% from Thursday close. Shares of Weatherford have slipped 10% this year. While it has recovered from its lows of the year, analyst Phillip Jungwirth wrote that he still views the stock as attractively valued. Indeed, the stock trades at a forward price-to-earnings multiple of 12.4, well below the S & P 500's 25. WFRD YTD mountain WFRD YTD chart Jungwirth pointed to Weatherford's strong internationally weighted portfolio. In 2024, international markets represented 81% of the company's revenues, he said. "Oilfield services has been challenging, although we like Weatherford's inter