Weatherford International plc (NASDAQ:WFRD – Get Free Report) Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction that occurred on 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 owns 32,729 shares in the company, valued at approximately $4,041,049.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Weatherford International Stock Performance
Shares of WFRD stock opened at $127.97 on Friday. Weatherford International plc has a 12 month low of $55.81 and a 12 month high of $129.70. The firm has a market cap of $9.36 billion, a PE ratio of 20.71, a P/E/G ratio of 0.98 and a beta of 0.73. The company’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $100.75. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48.
Weatherford International (NASDAQ:WFRD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts expect that Weatherford International plc will post 6.73 EPS for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Report on WFRD
Hedge Funds Weigh In On Weatherford International
A number of institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Weatherford International in the fourth quarter worth about $27,000. Parallel Advisors LLC raised its holdings in Weatherford International by 189.0% in the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after buying an additional 189 shares during the period. Quadrant Capital Group LLC increased its stake in Weatherford International by 539.1% during the fourth quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the period. Huntington National Bank acquired a new position in shares of Weatherford International during the third quarter worth about $30,000. Finally, CWM LLC boosted its holdings in Weatherford International by 145.7% in the fourth quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. 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.
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