Weatherford International (NASDAQ:WFRD) Price Target Raised to $81.00

Weatherford International (NASDAQ:WFRD) had its target price upped by Barclays from $73.00 to $81.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

WFRD has been the topic of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a report on Friday. Melius began coverage on shares of Weatherford International in a research report on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and set a $70.00 price objective (up from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. BMO Capital Markets assumed coverage on shares of Weatherford International in a research note on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective for the company. Finally, Melius Research started coverage on Weatherford International in a research report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.33.

Weatherford International Trading Down 0.4%

WFRD opened at $70.40 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average is $64.03 and its two-hundred day moving average is $54.88. The company has a market capitalization of $5.05 billion, a P/E ratio of 12.75, a PEG ratio of 1.77 and a beta of 0.79. Weatherford International has a 52 week low of $36.74 and a 52 week high of $91.82.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.03). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.Weatherford International’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 6th. Weatherford International’s dividend payout ratio (DPR) is 18.12%.

Hedge Funds Weigh In On Weatherford International

A number of large investors have recently made changes to their positions in WFRD. Meeder Asset Management Inc. lifted its holdings in shares of Weatherford International by 25.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,582 shares of the company’s stock valued at $177,000 after purchasing an additional 519 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Weatherford International by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 48,220 shares of the company’s stock valued at $3,298,000 after buying an additional 2,085 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Weatherford International by 98.9% in the third quarter. SG Americas Securities LLC now owns 15,341 shares of the company’s stock worth $1,050,000 after acquiring an additional 7,627 shares in the last quarter. Mattson Financial Services LLC purchased a new stake in shares of Weatherford International during the third quarter worth about $243,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Weatherford International during the third quarter valued at about $20,725,000. 97.23% of the stock is 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.