Weatherford International (NASDAQ:WFRD) PT Raised to $151.00

Weatherford International (NASDAQ:WFRD) had its target price lifted by Evercore ISI from $130.00 to $151.00 in a research note published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on WFRD. Piper Sandler boosted their target price on shares of Weatherford International from $138.00 to $180.00 and gave the stock an overweight rating in a research report on Monday, April 8th. TheStreet raised shares of Weatherford International from a c rating to a b rating in a research report on Monday, March 11th. Raymond James boosted their target price on shares of Weatherford International from $134.00 to $152.00 and gave the stock a strong-buy rating in a research report on Tuesday, April 16th. Barclays started coverage on shares of Weatherford International in a research report on Wednesday, February 28th. They set an overweight rating and a $135.00 target price on the stock. Finally, Bank of America boosted their target price on shares of Weatherford International from $123.00 to $135.00 and gave the stock a buy rating in a research report on Monday, April 15th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $143.75.

Weatherford International Price Performance

Shares of WFRD opened at $127.97 on Thursday. The firm has a market cap of $9.36 billion, a PE ratio of 20.71, a PEG ratio of 0.98 and a beta of 0.73. The firm’s 50 day moving average price is $113.86 and its 200 day moving average price is $100.80. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.84. Weatherford International has a twelve month low of $55.81 and a twelve month high of $129.70.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts expect that Weatherford International will post 6.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Weatherford International news, EVP Scott C. Weatherholt sold 40,455 shares of Weatherford International stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the sale, the executive vice president now owns 125,019 shares in the company, valued at $12,365,629.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $96.98, for a total value of $1,163,760.00. Following the sale, the director now owns 12,801 shares in the company, valued at approximately $1,241,440.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the completion of the sale, the executive vice president now owns 125,019 shares in the company, valued at approximately $12,365,629.29. The disclosure for this sale can be found here. Insiders have sold 145,455 shares of company stock worth $14,863,464 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Weatherford International in the 4th quarter valued at $27,000. Parallel Advisors LLC boosted its stake in shares of Weatherford International by 189.0% in the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after purchasing an additional 189 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Weatherford International by 539.1% during the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock worth $29,000 after buying an additional 248 shares in the last quarter. Huntington National Bank acquired a new position in Weatherford International during the 3rd quarter worth about $30,000. Finally, CWM LLC lifted its position in Weatherford International by 145.7% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 97.23% 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.