Weatherford International PLC (NASDAQ:WFRD) Declares Dividend of $0.28

Weatherford International PLC (NASDAQ:WFRD) announced a dividend on Tuesday, April 21st. Shareholders of record on Wednesday, May 6th will be paid a dividend of 0.275 per share on Thursday, June 4th. The ex-dividend date is Wednesday, May 6th.

Weatherford International Trading Down 0.5%

Shares of Weatherford International stock opened at $99.63 on Wednesday. Weatherford International has a 1 year low of $40.12 and a 1 year high of $110.57. The firm has a market cap of $7.15 billion, a PE ratio of 16.80, a PEG ratio of 1.26 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.19 and a quick ratio of 1.65. The company has a 50 day simple moving average of $97.28 and a two-hundred day simple moving average of $85.12.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.47. Weatherford International had a net margin of 8.76% and a return on equity of 28.07%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $1.03 earnings per share. Weatherford International’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Weatherford International will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Weatherford International

In other news, CEO Girish Saligram sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $105.50, for a total value of $10,550,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Weatherford International by 127.1% during the 4th 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 stake in Weatherford International during the 4th quarter valued at $26,000. Quent Capital LLC bought a new stake in Weatherford International during the 3rd quarter valued at $26,000. Leonteq Securities AG bought a new stake in Weatherford International during the 4th quarter valued at $39,000. Finally, Sound Income Strategies LLC bought a new stake in Weatherford International during the 3rd quarter valued at $35,000. 97.23% of the stock is currently owned by institutional investors.

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.