Barclays Issues Pessimistic Forecast for Weatherford International (NASDAQ:WFRD) Stock Price

Weatherford International (NASDAQ:WFRD) had its price objective reduced by Barclays from $92.00 to $85.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

WFRD has been the subject of a number of other research reports. Raymond James lowered their price objective on shares of Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Benchmark dropped their price target on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Piper Sandler dropped their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, Citigroup reduced their price target on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.75.

Weatherford International Price Performance

Shares of WFRD opened at $54.26 on Monday. The stock has a market cap of $3.95 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61. Weatherford International has a 1 year low of $51.24 and a 1 year high of $135.00. The stock’s 50-day moving average price is $60.96 and its two-hundred day moving average price is $74.12. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, equities analysts predict that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Insider Transactions at Weatherford International

In related 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 value of $346,006.92. Following the sale, the executive vice president now owns 11,109 shares of the company’s stock, valued at approximately $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Arunava Mitra sold 10,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.57, for a total value of $675,700.00. Following the transaction, the chief financial officer now directly owns 21,072 shares of the company’s stock, valued at $1,423,835.04. This trade represents a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,692 shares of company stock valued at $6,207,725 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Weatherford International

Several institutional investors and hedge funds have recently added to or reduced their stakes in WFRD. Xponance Inc. increased its stake in shares of Weatherford International by 1.0% during the 4th quarter. Xponance Inc. now owns 17,072 shares of the company’s stock worth $1,223,000 after purchasing an additional 167 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Weatherford International by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 31,730 shares of the company’s stock worth $2,273,000 after buying an additional 200 shares during the last quarter. Lindbrook Capital LLC raised its stake in Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after buying an additional 204 shares during the period. Covestor Ltd lifted its position in shares of Weatherford International by 30.1% in the fourth quarter. Covestor Ltd now owns 926 shares of the company’s stock valued at $66,000 after buying an additional 214 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Weatherford International by 190.4% during the 4th quarter. Huntington National Bank now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 257 shares during the period. 97.23% of the stock is owned by institutional investors.

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.