Weatherford International plc (NASDAQ:WFRD) EVP Depinder Sandhu Sells 14,000 Shares

Weatherford International plc (NASDAQ:WFRD) EVP Depinder Sandhu sold 14,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $66.41, for a total transaction of $929,740.00. Following the transaction, the executive vice president now owns 8,892 shares in the company, valued at $590,517.72. This trade represents a 61.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weatherford International Price Performance

Shares of WFRD opened at $67.90 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80. Weatherford International plc has a twelve month low of $60.45 and a twelve month high of $135.00. The firm’s 50 day moving average price is $71.36 and its 200 day moving average price is $85.52. The firm has a market cap of $4.93 billion, a PE ratio of 10.10, a PEG ratio of 1.48 and a beta of 0.60.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (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%. As a group, research analysts expect that Weatherford International plc will post 6.14 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be paid a $0.25 dividend. The ex-dividend date 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 currently 14.88%.

Institutional Trading of Weatherford International

A number of large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its stake in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Weatherford International by 364.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. nVerses Capital LLC acquired a new position in Weatherford International in the third quarter valued at about $34,000. R Squared Ltd bought a new stake in Weatherford International during the fourth quarter worth about $36,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International during the third quarter worth approximately $42,000. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WFRD shares. Raymond James decreased their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday. Citigroup decreased their target price 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. Piper Sandler dropped their price target on Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays decreased their price objective on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, Benchmark dropped their target price on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.25.

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.