Weatherford International plc (NASDAQ:WFRD) Declares Quarterly Dividend of $0.25

Weatherford International plc (NASDAQ:WFRD) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.25 per share on Wednesday, March 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, February 21st.

Weatherford International Stock Up 2.4 %

WFRD stock opened at $72.22 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average of $70.12 and a two-hundred day moving average of $83.68. Weatherford International has a 12 month low of $60.45 and a 12 month high of $135.00. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.66 and a beta of 0.60.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing the consensus estimate 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, analysts forecast that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Piper Sandler dropped 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 note on Monday, February 10th. Raymond James reduced their price target 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, February 7th. Benchmark lowered their price objective on Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Evercore ISI reduced their price objective on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.63.

Insider Buying and Selling at Weatherford International

In other news, EVP David John Reed sold 4,762 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 11,109 shares in the company, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total value of $2,944,895.85. Following the completion of the transaction, the executive vice president now owns 125,019 shares of the company’s stock, valued at $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,692 shares of company stock valued at $6,207,725 in the last 90 days. Company insiders own 1.60% of the company’s stock.

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.