Weatherford International PLC (WFRD) – What Are Analysts Thinking About This Stock?

Weatherford International PLC (NASDAQ:WFRD) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $115.57.

Several analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Weatherford International from $106.00 to $94.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Weiss Ratings upgraded shares of Weatherford International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Barclays decreased their target price on shares of Weatherford International from $148.00 to $139.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Zacks Research upgraded shares of Weatherford International from a “strong sell” rating to a “hold” rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Weatherford International from $124.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd.

Insider Transactions at Weatherford International

In other news, Director Jacqueline Mutschler sold 4,094 shares of Weatherford International stock in a transaction on Monday, August 10th. The stock was sold at an average price of $90.50, for a total transaction of $370,507.00. Following the transaction, the director directly owned 29,093 shares in the company, valued at approximately $2,632,916.50. This trade represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.08% of the company’s stock.

Institutional Trading of Weatherford International

Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Weatherford International by 72.0% during the second quarter. IFP Advisors Inc now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Weatherford International during the second quarter valued at $38,000. Summit Securities Group LLC acquired a new position in Weatherford International during the first quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its stake in Weatherford International by 32.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $88,000 after acquiring an additional 231 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Weatherford International by 65.2% in the 3rd quarter. Signaturefd LLC now owns 1,786 shares of the company’s stock worth $141,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $88.81 on Thursday. The firm’s 50 day moving average is $85.20 and its two-hundred day moving average is $92.83. The firm has a market capitalization of $6.44 billion, a P/E ratio of 15.83, a PEG ratio of 1.47 and a beta of 1.05. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. Weatherford International has a 52 week low of $68.49 and a 52 week high of $113.15.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Weatherford International had a return on equity of 22.39% and a net margin of 8.64%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts anticipate that Weatherford International will post 5.57 earnings per share for the current year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 6th will be given a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 6th. Weatherford International’s dividend payout ratio is 19.61%.

About Weatherford International

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.