Analysts Set Weatherford International plc (NASDAQ:WFRD) PT at $121.25

Weatherford International plc (NASDAQ:WFRD) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $109.25.

A number of research analysts have recently commented on WFRD shares. Piper Sandler reduced their price target on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday. Benchmark reduced their target price on Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI decreased their target price on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Citigroup dropped their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Raymond James decreased their price objective on shares of Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a research report on Friday.

Insider Buying and Selling at Weatherford International

In related news, CFO Arunava Mitra sold 10,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the sale, the chief financial officer now directly owns 21,072 shares in the company, valued at $1,423,835.04. This represents a 32.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David John Reed sold 4,762 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the transaction, the executive vice president now owns 11,109 shares in the company, valued at approximately $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock worth $6,207,725 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Weatherford International

A number of institutional investors have recently made changes to their positions in WFRD. Pacer Advisors Inc. raised its holdings in Weatherford International by 551.1% during the 3rd quarter. Pacer Advisors Inc. now owns 1,440,837 shares of the company’s stock valued at $122,356,000 after buying an additional 1,219,553 shares during the last quarter. FMR LLC increased its position in shares of Weatherford International by 36.7% in the third quarter. FMR LLC now owns 3,573,003 shares of the company’s stock valued at $303,419,000 after acquiring an additional 959,783 shares during the period. Victory Capital Management Inc. raised its stake in shares of Weatherford International by 132.1% during the fourth quarter. Victory Capital Management Inc. now owns 728,266 shares of the company’s stock valued at $52,166,000 after acquiring an additional 414,528 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Weatherford International by 30.6% during the third quarter. Jennison Associates LLC now owns 1,324,101 shares of the company’s stock worth $112,443,000 after purchasing an additional 310,259 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Weatherford International by 402.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,482 shares of the company’s stock worth $27,555,000 after purchasing an additional 259,924 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Up 1.6 %

Shares of NASDAQ WFRD opened at $67.90 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.80 and a debt-to-equity ratio of 1.26. The company has a market cap of $4.93 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.48 and a beta of 0.60. Weatherford International has a 52 week low of $60.45 and a 52 week high of $135.00. The business has a 50-day simple moving average of $71.36 and a two-hundred day simple moving average of $85.52.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Research analysts anticipate that Weatherford International will post 6.14 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. Weatherford International’s payout ratio is 14.88%.

Weatherford International Company Profile

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.