Weatherford International (NASDAQ:WFRD) Given New $125.00 Price Target at Benchmark

Weatherford International (NASDAQ:WFRD) had its price target trimmed by Benchmark from $140.00 to $125.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Citigroup cut their target price on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Barclays reduced their price objective on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Piper Sandler began coverage on shares of Weatherford International in a research note on Thursday, December 19th. They issued a “neutral” rating and a $87.00 target price for the company. Raymond James reduced their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a research report on Friday. Finally, Evercore ISI dropped their target price on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Two research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.88.

Weatherford International Trading Up 2.3 %

NASDAQ:WFRD opened at $66.85 on Friday. The firm has a 50-day simple moving average of $71.68 and a 200-day simple moving average of $86.45. Weatherford International has a one year low of $60.45 and a one year high of $135.00. The firm has a market cap of $4.86 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.48 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. Equities analysts anticipate that Weatherford International will post 6.14 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International’s dividend payout ratio is presently 14.88%.

Insider Buying and Selling

In other Weatherford International news, EVP Scott C. Weatherholt sold 44,505 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at approximately $8,272,507.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Weatherford International

A number of institutional investors have recently modified their holdings of WFRD. Virtu Financial LLC acquired a new stake in Weatherford International during the third quarter worth about $571,000. Barclays PLC grew its stake in shares of Weatherford International by 59.4% during the 3rd quarter. Barclays PLC now owns 31,349 shares of the company’s stock worth $2,663,000 after purchasing an additional 11,680 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in shares of Weatherford International by 1,138.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 32,124 shares of the company’s stock valued at $2,728,000 after purchasing an additional 29,530 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Weatherford International by 6.8% in the 3rd quarter. New York State Common Retirement Fund now owns 203,106 shares of the company’s stock valued at $17,248,000 after purchasing an additional 13,007 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Weatherford International by 67.3% during the third quarter. Point72 Asset Management L.P. now owns 143,900 shares of the company’s stock worth $12,220,000 after buying an additional 57,866 shares in the last quarter. Hedge funds and other institutional investors 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.