Weatherford International plc (NASDAQ:WFRD) Director Benjamin Duster Sells 12,000 Shares

Weatherford International plc (NASDAQ:WFRDGet Free Report) Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $97.58, for a total transaction of $1,170,960.00. Following the sale, the director now directly owns 24,801 shares in the company, valued at approximately $2,420,081.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Benjamin Duster also recently made the following trade(s):

  • On Monday, February 12th, Benjamin Duster sold 12,000 shares of Weatherford International stock. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00.

Weatherford International Stock Performance

WFRD opened at $97.62 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.79 and a debt-to-equity ratio of 1.86. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 17.28 and a beta of 0.70. Weatherford International plc has a 52-week low of $51.46 and a 52-week high of $102.64. The firm’s fifty day simple moving average is $93.15 and its two-hundred day simple moving average is $91.75.

Weatherford International (NASDAQ:WFRDGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.48. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $1.12 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Weatherford International plc will post 6.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on WFRD shares. The Goldman Sachs Group lifted their price objective on shares of Weatherford International from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Piper Sandler lifted their price objective on shares of Weatherford International from $116.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Raymond James boosted their target price on shares of Weatherford International from $110.00 to $127.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 26th. Bank of America initiated coverage on shares of Weatherford International in a report on Friday, November 10th. They set a “buy” rating and a $120.00 price target on the stock. Finally, TheStreet downgraded shares of Weatherford International from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $111.50.

Check Out Our Latest Research Report on Weatherford International

Institutional Investors Weigh In On Weatherford International

A number of institutional investors have recently made changes to their positions in the stock. Boston Partners boosted its stake in shares of Weatherford International by 449.1% in the second quarter. Boston Partners now owns 2,226,804 shares of the company’s stock valued at $148,895,000 after purchasing an additional 1,821,266 shares during the period. Van ECK Associates Corp purchased a new position in Weatherford International in the third quarter worth approximately $114,430,000. State Street Corp lifted its stake in Weatherford International by 317.1% in the second quarter. State Street Corp now owns 1,571,745 shares of the company’s stock worth $33,274,000 after acquiring an additional 1,194,930 shares during the last quarter. Millennium Management LLC lifted its position in shares of Weatherford International by 465.6% during the 4th quarter. Millennium Management LLC now owns 1,143,602 shares of the company’s stock worth $58,232,000 after buying an additional 941,426 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Weatherford International during the 4th quarter worth approximately $89,762,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Weatherford International Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Weatherford International (NASDAQ:WFRD)

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