Weatherford International (WFRD) Projected to Post Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRD) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $1.37 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Weatherford International Stock Performance

Shares of NASDAQ WFRD opened at $63.84 on Tuesday. Weatherford International has a 12-month low of $60.45 and a 12-month high of $135.00. The company has a market cap of $4.64 billion, a PE ratio of 8.97, a P/E/G ratio of 1.35 and a beta of 0.61. The stock has a 50 day simple moving average of $73.01 and a 200-day simple moving average of $87.67. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WFRD shares. Barclays decreased their price target on 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 initiated coverage on shares of Weatherford International in a research note on Thursday, December 19th. They set a “neutral” rating and a $87.00 target price on the stock. 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 research note on Friday, December 20th. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Weatherford International in a report on Thursday, October 24th. Finally, Bank of America decreased their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.25.

Insider Buying and Selling

In other Weatherford International news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction 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 completion of the sale, the executive vice president now owns 11,109 shares of the company’s stock, valued at $807,179.94. This trade represents a 30.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was 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 in the company, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% 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.