Weatherford International (NASDAQ:WFRD) PT Raised to $155.00 at Benchmark

Weatherford International (NASDAQ:WFRDGet Free Report) had its target price upped by equities research analysts at Benchmark from $115.00 to $155.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 25.74% from the company’s current price.

Several other analysts have also commented on WFRD. Barclays began coverage on Weatherford International in a report on Wednesday, February 28th. They set an “overweight” rating and a $135.00 price objective for the company. TheStreet upgraded Weatherford International from a “c” rating to a “b” rating in a report on Monday, March 11th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $121.56.

Check Out Our Latest Stock Analysis on WFRD

Weatherford International Stock Up 4.2 %

Shares of NASDAQ WFRD opened at $123.27 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.37 and a current ratio of 1.79. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 21.82 and a beta of 0.73. The stock has a 50 day moving average price of $104.89 and a 200 day moving average price of $97.26. Weatherford International has a 52-week low of $55.81 and a 52-week high of $125.14.

Weatherford International (NASDAQ:WFRDGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.48. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Weatherford International had a return on equity of 56.68% and a net margin of 8.12%. Weatherford International’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Sell-side analysts expect that Weatherford International will post 6.74 earnings per share for the current year.

Insider Activity at Weatherford International

In other Weatherford International news, CEO Girish Saligram sold 60,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total transaction of $6,214,200.00. Following the sale, the chief executive officer now directly owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weatherford International news, CEO Girish Saligram sold 60,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total transaction of $6,214,200.00. Following the sale, the chief executive officer now directly owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Duster sold 12,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the sale, the director now directly owns 12,801 shares in the company, valued at $1,241,440.98. The disclosure for this sale can be found here. Insiders have sold a total of 135,455 shares of company stock valued at $13,628,764 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WFRD. JPMorgan Chase & Co. lifted its stake in Weatherford International by 205.1% in the 1st quarter. JPMorgan Chase & Co. now owns 139,569 shares of the company’s stock valued at $4,647,000 after buying an additional 93,829 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Weatherford International by 8.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,198 shares of the company’s stock valued at $406,000 after buying an additional 958 shares in the last quarter. Citigroup Inc. lifted its stake in Weatherford International by 2,131.7% in the 1st quarter. Citigroup Inc. now owns 28,856 shares of the company’s stock valued at $961,000 after buying an additional 27,563 shares in the last quarter. BlackRock Inc. lifted its stake in Weatherford International by 1.7% in the 1st quarter. BlackRock Inc. now owns 1,182,007 shares of the company’s stock valued at $39,361,000 after buying an additional 19,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Weatherford International by 69.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 476,799 shares of the company’s stock valued at $15,873,000 after buying an additional 194,685 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Weatherford International

(Get Free Report)

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.

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Analyst Recommendations for Weatherford International (NASDAQ:WFRD)

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