Weatherford International (NASDAQ:WFRD) Given New $165.00 Price Target at Barclays

Weatherford International (NASDAQ:WFRD) had its price objective boosted by Barclays from $160.00 to $165.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on WFRD. Raymond James raised their target price on shares of Weatherford International from $134.00 to $152.00 and gave the company a strong-buy rating in a research note on Tuesday, April 16th. Bank of America raised their target price on shares of Weatherford International from $145.00 to $150.00 and gave the company a buy rating in a research note on Monday, July 15th. Benchmark reaffirmed a buy rating and set a $155.00 target price on shares of Weatherford International in a research note on Wednesday. Citigroup assumed coverage on shares of Weatherford International in a research note on Tuesday, May 14th. They set a buy rating and a $155.00 target price for the company. Finally, Piper Sandler raised their target price on shares of Weatherford International from $180.00 to $184.00 and gave the company an overweight rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $153.88.

Weatherford International Stock Performance

WFRD opened at $117.38 on Thursday. The firm has a market cap of $8.59 billion, a P/E ratio of 18.99, a PEG ratio of 0.79 and a beta of 0.64. Weatherford International has a 1-year low of $78.53 and a 1-year high of $135.00. The company has a 50 day simple moving average of $120.43 and a two-hundred day simple moving average of $113.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.37.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. Weatherford International’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 EPS. Equities analysts forecast that Weatherford International will post 7.09 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%.

Institutional Investors Weigh In On Weatherford International

Several institutional investors have recently made changes to their positions in WFRD. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Weatherford International in the 4th quarter worth about $27,000. Fifth Third Bancorp lifted its holdings in shares of Weatherford International by 304.6% in the 4th quarter. Fifth Third Bancorp now owns 611 shares of the company’s stock worth $60,000 after acquiring an additional 460 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Weatherford International by 14.9% in the 4th quarter. New York State Teachers Retirement System now owns 74,676 shares of the company’s stock worth $7,306,000 after acquiring an additional 9,705 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Weatherford International by 63.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,607 shares of the company’s stock worth $353,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Weatherford International in the 4th quarter worth about $1,986,000. 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.