Weatherford International (NASDAQ:WFRD) Price Target Cut to $85.00 by Analysts at Barclays

Weatherford International (NASDAQ:WFRD) had its price target trimmed by Barclays from $92.00 to $85.00 in a report issued on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on WFRD. Citigroup reduced their price objective 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. Raymond James lowered their price objective on shares of Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Piper Sandler reduced their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Benchmark lowered their price target on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $98.00 in a report on Friday, December 13th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.75.

Weatherford International Stock Up 0.8 %

Shares of NASDAQ:WFRD opened at $53.55 on Monday. The stock has a 50-day simple moving average of $61.68 and a 200-day simple moving average of $74.52. The stock has a market capitalization of $3.90 billion, a P/E ratio of 7.97, a PEG ratio of 1.65 and a beta of 0.61. Weatherford International has a 1 year low of $51.24 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. Weatherford International’s dividend payout ratio (DPR) is 14.88%.

Insider Buying and Selling at Weatherford International

In related news, EVP David John Reed sold 4,762 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the sale, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at approximately $807,179.94. This represents a 30.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 125,019 shares of the company’s stock, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock worth $6,207,725 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weatherford International

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Weatherford International in the 3rd quarter worth approximately $571,000. New York Life Investment Management LLC acquired a new position in shares of Weatherford International during the fourth quarter valued at $546,000. Amundi increased its holdings in shares of Weatherford International by 154.7% in the 4th quarter. Amundi now owns 38,993 shares of the company’s stock worth $2,813,000 after acquiring an additional 23,685 shares during the period. William Blair Investment Management LLC lifted its position in Weatherford International by 9.5% in the 4th quarter. William Blair Investment Management LLC now owns 500,005 shares of the company’s stock valued at $35,815,000 after purchasing an additional 43,182 shares during the last quarter. Finally, Barclays PLC boosted its stake in Weatherford International by 59.4% during the 3rd quarter. Barclays PLC now owns 31,349 shares of the company’s stock valued at $2,663,000 after purchasing an additional 11,680 shares during the period. Institutional investors own 97.23% of the company’s stock.

About Weatherford International

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.