Weatherford International plc (NASDAQ:WFRD) Plans $0.25 Quarterly Dividend

Weatherford International plc (NASDAQ:WFRD) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.25 per share on Wednesday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 21st.

Weatherford International Trading Up 0.2 %

Shares of Weatherford International stock traded up $0.11 during trading on Thursday, reaching $65.36. The company’s stock had a trading volume of 2,173,057 shares, compared to its average volume of 1,264,610. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. Weatherford International has a 52-week low of $60.45 and a 52-week high of $135.00. The firm’s 50-day moving average is $72.33 and its two-hundred day moving average is $87.06. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.35 and a beta of 0.61.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.65% and a return on equity of 46.25%. On average, sell-side analysts anticipate that Weatherford International will post 6.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WFRD shares. Citigroup reduced their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Piper Sandler initiated coverage on Weatherford International in a report on Thursday, December 19th. They set a “neutral” rating and a $87.00 target price for the company. The Goldman Sachs Group cut shares of Weatherford International from a “buy” rating to a “neutral” rating and cut their price target for the company from $132.00 to $98.00 in a report on Friday, December 13th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a report on Thursday, October 24th. Finally, Bank of America cut their target price on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Weatherford International currently has a consensus rating of “Moderate Buy” and an average target price of $121.25.

Insider Activity at Weatherford International

In other news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. The trade was a 30.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the sale, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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.