Weatherford International (NASDAQ:WFRD) PT Raised to $184.00

Weatherford International (NASDAQ:WFRD) had its price objective increased by analysts at Piper Sandler from $180.00 to $184.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 43.78% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. TheStreet raised Weatherford International from a “c” rating to a “b” rating in a report on Monday, March 11th. Barclays started coverage on Weatherford International in a report on Wednesday, February 28th. They set an “overweight” rating and a $135.00 target price for the company. Bank of America lifted their target price on Weatherford International from $123.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Evercore ISI lifted their target price on Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Raymond James lifted their target price on Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $136.89.

Weatherford International Trading Up 3.5 %

WFRD stock opened at $127.97 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.72 and a quick ratio of 1.37. The company has a fifty day moving average price of $113.86 and a two-hundred day moving average price of $100.75. Weatherford International has a one year low of $55.81 and a one year high of $129.70. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.73.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts anticipate that Weatherford International will post 6.73 EPS for the current year.

Insider Activity at Weatherford International

In related news, Director Charles M. Sledge sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the transaction, the director now owns 32,729 shares of the company’s stock, valued at $4,041,049.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Weatherford International news, CEO Girish Saligram sold 60,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total transaction of $6,214,200.00. Following the completion of the transaction, the chief executive officer now owns 146,895 shares of the company’s stock, valued at $15,213,915.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles M. Sledge sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the transaction, the director now directly owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The disclosure for this sale can be found here. Insiders sold a total of 145,455 shares of company stock valued at $14,863,464 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its stake in Weatherford International by 23.6% during the third quarter. Parkside Financial Bank & Trust now owns 560 shares of the company’s stock worth $51,000 after acquiring an additional 107 shares in the last quarter. Xponance Inc. raised its stake in Weatherford International by 1.1% during the fourth quarter. Xponance Inc. now owns 10,532 shares of the company’s stock worth $1,030,000 after acquiring an additional 116 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in Weatherford International by 1.1% during the first quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock worth $1,307,000 after acquiring an additional 125 shares in the last quarter. Mackenzie Financial Corp raised its stake in Weatherford International by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock worth $440,000 after acquiring an additional 140 shares in the last quarter. Finally, CWM LLC raised its stake in Weatherford International by 145.7% during the fourth quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds 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.