Weatherford International PLC $WFRD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Weatherford International PLC (NASDAQ:WFRD) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,327 shares of the company’s stock after selling 532 shares during the quarter. Yousif Capital Management LLC’s holdings in Weatherford International were worth $1,224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WFRD. GAMMA Investing LLC grew its stake in Weatherford International by 55.8% in the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock valued at $35,000 after acquiring an additional 231 shares during the period. SG Americas Securities LLC boosted its stake in Weatherford International by 46.0% during the 1st quarter. SG Americas Securities LLC now owns 7,709 shares of the company’s stock worth $413,000 after purchasing an additional 2,428 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Weatherford International by 634.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,794 shares of the company’s stock worth $257,000 after purchasing an additional 4,141 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Weatherford International during the 1st quarter worth $445,000. Finally, State of Alaska Department of Revenue boosted its stake in Weatherford International by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 27,530 shares of the company’s stock worth $1,473,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Stock Up 4.2%

NASDAQ WFRD opened at $64.92 on Tuesday. Weatherford International PLC has a 52 week low of $36.74 and a 52 week high of $91.82. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $63.05 and its 200-day simple moving average is $54.11. The firm has a market cap of $4.66 billion, a PE ratio of 10.05, a P/E/G ratio of 1.62 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $0.97 by $0.90. Weatherford International had a return on equity of 34.87% and a net margin of 9.35%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. The company’s quarterly revenue was down 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Piper Sandler lifted their target price on shares of Weatherford International from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. BMO Capital Markets assumed coverage on shares of Weatherford International in a research note on Friday, October 10th. They set an “outperform” rating and a $82.00 target price on the stock. Melius Research assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price on the stock. Finally, Barclays lowered their target price on shares of Weatherford International from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.50.

Weatherford International 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.