Weatherford International plc (NASDAQ:WFRD) Receives $144.88 Consensus PT from Analysts

Shares of Weatherford International plc (NASDAQ:WFRD) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $144.88.

A number of analysts have recently weighed in on the company. Citigroup dropped their price target on Weatherford International from $155.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Barclays decreased their price objective on Weatherford International from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Evercore ISI decreased their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Bank of America decreased their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a report on Thursday, October 24th.

Weatherford International Stock Down 1.1 %

Shares of Weatherford International stock opened at $79.16 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The business’s 50 day simple moving average is $92.29 and its 200-day simple moving average is $109.14. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.80 and a beta of 0.58. Weatherford International has a twelve month low of $77.29 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. Equities research analysts forecast that Weatherford International will post 6.74 earnings per share for the current year.

Weatherford International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s payout ratio is currently 14.04%.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Desmond J. Mills sold 6,531 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $79.86, for a total transaction of $521,565.66. Following the completion of the sale, the chief accounting officer now owns 11,680 shares in the company, valued at approximately $932,764.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David John Reed sold 6,805 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Weatherford International during the 1st quarter valued at $29,000. Fidelis Capital Partners LLC acquired a new stake in shares of Weatherford International during the 1st quarter valued at $33,000. Farther Finance Advisors LLC lifted its holdings in shares of Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after purchasing an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.