Weatherford International (NASDAQ:WFRD) Director Jacqueline Mutschler Sells 4,094 Shares of Stock

Weatherford International PLC (NASDAQ:WFRD) Director Jacqueline Mutschler sold 4,094 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the sale, the director owned 29,093 shares in the company, valued at $2,632,916.50. This represents a 12.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Weatherford International Price Performance

WFRD stock opened at $92.70 on Thursday. The company has a fifty day moving average price of $88.31 and a 200-day moving average price of $96.02. Weatherford International PLC has a 52-week low of $54.69 and a 52-week high of $113.15. The company has a market capitalization of $6.64 billion, a P/E ratio of 18.28, a PEG ratio of 1.58 and a beta of 0.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 2.34.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.35). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. As a group, equities analysts expect that Weatherford International PLC will post 5.35 EPS for the current year.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 6th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.10 annualized dividend and a yield of 1.2%. Weatherford International’s payout ratio is 21.70%.

Analyst Upgrades and Downgrades

WFRD has been the subject of several research analyst reports. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Citigroup cut their target price on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Raymond James Financial decreased their price target on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Weiss Ratings lowered shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Piper Sandler increased their price objective on shares of Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and a consensus target price of $113.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of Weatherford International by 127.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Weatherford International in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its stake in Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 253 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Weatherford International during the 2nd quarter valued at about $38,000. Finally, Leonteq Securities AG bought a new stake in Weatherford International during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.