Weatherford International plc (NASDAQ:WFRD) Given Average Recommendation of “Buy” by Analysts

Weatherford International plc (NASDAQ:WFRD) has earned an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $151.88.

A number of equities research analysts have recently weighed in on WFRD shares. Barclays boosted their price objective on shares of Weatherford International from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Evercore ISI boosted their price objective on shares of Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Piper Sandler boosted their price objective on shares of Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Raymond James lifted their target price on shares of Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Wednesday, April 24th.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, Director Charles M. Sledge sold 10,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $123.47, for a total transaction of $1,234,700.00. Following the transaction, the director now directly owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WFRD. HighTower Advisors LLC boosted its holdings in shares of Weatherford International by 71.4% during the 3rd quarter. HighTower Advisors LLC now owns 11,224 shares of the company’s stock valued at $1,015,000 after buying an additional 4,676 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Weatherford International during the 3rd quarter valued at $37,000. PNC Financial Services Group Inc. boosted its holdings in shares of Weatherford International by 1,148.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 724 shares of the company’s stock valued at $65,000 after buying an additional 666 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Weatherford International by 1,127.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 43,664 shares of the company’s stock valued at $3,944,000 after buying an additional 40,106 shares in the last quarter. Finally, CI Investments Inc. bought a new stake in shares of Weatherford International during the 3rd quarter valued at $152,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Trading Down 0.4 %

Shares of Weatherford International stock opened at $122.45 on Monday. Weatherford International has a 1 year low of $63.41 and a 1 year high of $129.70. The firm has a market cap of $8.96 billion, a PE ratio of 19.81, a PEG ratio of 0.86 and a beta of 0.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.84 and a quick ratio of 1.37. The company has a 50 day simple moving average of $119.38 and a two-hundred day simple moving average of $108.85.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. Analysts expect that Weatherford International will post 6.94 earnings per share for the current fiscal year.

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.