Weatherford International plc (NASDAQ:WFRD – Get Free Report) EVP David John Reed sold 4,762 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the transaction, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. This represents a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Weatherford International Price Performance
Shares of NASDAQ:WFRD opened at $72.13 on Friday. The company’s fifty day moving average is $78.26 and its two-hundred day moving average is $94.74. The company has a market cap of $5.24 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. Weatherford International plc has a 12-month low of $66.23 and a 12-month high of $135.00. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20.
Weatherford International (NASDAQ:WFRD – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41. 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 46.25% and a net margin of 9.65%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. Equities analysts expect that Weatherford International plc will post 6.85 earnings per share for the current fiscal year.
Weatherford International Announces Dividend
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Bank of America reduced their price objective on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Citigroup lowered their price objective on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Piper Sandler started coverage on Weatherford International in a research report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price target for the company. The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Finally, Evercore ISI lowered their target price on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.25.
Read Our Latest Analysis on Weatherford International
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of WFRD. Farther Finance Advisors LLC increased its holdings in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after buying an additional 281 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Weatherford International during the 3rd quarter valued at $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International in the 3rd quarter valued at $42,000. GAMMA Investing LLC boosted its holdings in Weatherford International by 36.9% in the third quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after purchasing an additional 141 shares in the last quarter. Finally, Park Place Capital Corp raised its holdings in Weatherford International by 1,516.2% during the third quarter. Park Place Capital Corp now owns 598 shares of the company’s stock valued at $51,000 after buying an additional 561 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.
Featured Stories
- Five stocks we like better than Weatherford International
- Pros And Cons Of Monthly Dividend Stocks
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- Consumer Discretionary Stocks Explained
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- Breakout Stocks: What They Are and How to Identify Them
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.