Weatherford International (NASDAQ:WFRD) PT Raised to $151.00 at Evercore ISI

Weatherford International (NASDAQ:WFRD) had its target price lifted by Evercore ISI from $130.00 to $151.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

WFRD has been the topic of a number of other research reports. TheStreet raised Weatherford International from a c rating to a b rating in a report on Monday, March 11th. Bank of America lifted their price objective on Weatherford International from $123.00 to $135.00 and gave the company a buy rating in a report on Monday, April 15th. Piper Sandler boosted their price target on Weatherford International from $138.00 to $180.00 and gave the stock an overweight rating in a research note on Monday, April 8th. Barclays assumed coverage on Weatherford International in a research note on Wednesday, February 28th. They set an overweight rating and a $135.00 price target on the stock. Finally, Raymond James boosted their price target on Weatherford International from $134.00 to $152.00 and gave the stock a strong-buy rating in a research note on Tuesday, April 16th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $143.75.

Weatherford International Stock Performance

Shares of WFRD stock opened at $127.97 on Thursday. Weatherford International has a 52-week low of $55.81 and a 52-week high of $129.70. The stock’s 50-day moving average price is $113.86 and its 200 day moving average price is $100.84. The stock has a market capitalization of $9.36 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.01 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Weatherford International will post 6.93 EPS for the current year.

Insider Activity at Weatherford International

In related news, Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the sale, the director now owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the sale, the director now owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Girish Saligram sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $103.57, for a total value of $6,214,200.00. Following the completion of the sale, the chief executive officer now directly owns 146,895 shares in the company, valued at approximately $15,213,915.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,455 shares of company stock valued at $14,863,464. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WFRD. McGlone Suttner Wealth Management Inc. acquired a new position in Weatherford International in the 4th quarter valued at $27,000. Parallel Advisors LLC raised its holdings in Weatherford International by 189.0% in the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after acquiring an additional 189 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Weatherford International by 539.1% in the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the last quarter. Huntington National Bank acquired a new position in Weatherford International in the 3rd quarter valued at $30,000. Finally, CWM LLC raised its holdings in Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after acquiring an additional 185 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

About Weatherford International

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.