Weatherford International (NASDAQ:WFRD) Price Target Raised to $145.00 at Bank of America

Weatherford International (NASDAQ:WFRD) had its target price hoisted by Bank of America from $135.00 to $145.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on WFRD. Benchmark restated a buy rating and set a $155.00 price objective on shares of Weatherford International in a research report on Wednesday, April 24th. Evercore ISI increased their price objective on Weatherford International from $130.00 to $151.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Raymond James upped their target price on shares of Weatherford International from $134.00 to $152.00 and gave the company a strong-buy rating in a report on Tuesday, April 16th. Barclays boosted their price objective on shares of Weatherford International from $135.00 to $160.00 and gave the company an overweight rating in a research report on Friday. Finally, TheStreet upgraded Weatherford International from a c rating to a b rating in a report on Monday, March 11th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $145.00.

Weatherford International Stock Up 1.0 %

WFRD opened at $129.25 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.84. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 0.99 and a beta of 0.73. Weatherford International has a one year low of $55.81 and a one year high of $129.70. The business’s fifty day moving average is $114.41 and its two-hundred day moving average is $101.09.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Analysts anticipate that Weatherford International will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Weatherford International news, Director Benjamin Duster sold 12,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the completion of the sale, the director now directly owns 12,801 shares in the company, valued at $1,241,440.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Weatherford International news, Director Charles M. Sledge sold 10,000 shares of the firm’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 $4,041,049.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $96.98, for a total value of $1,163,760.00. Following the transaction, the director now owns 12,801 shares in the company, valued at approximately $1,241,440.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,455 shares of company stock valued at $14,863,464. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Weatherford International

Several large investors have recently bought and sold shares of WFRD. Vanguard Group Inc. increased its stake in Weatherford International by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,785,384 shares of the company’s stock worth $703,254,000 after buying an additional 120,401 shares during the period. Boston Partners raised its stake in shares of Weatherford International by 3.5% in the 4th quarter. Boston Partners now owns 2,282,581 shares of the company’s stock valued at $223,127,000 after purchasing an additional 76,872 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Weatherford International by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 1,646,650 shares of the company’s stock worth $148,742,000 after purchasing an additional 76,058 shares during the last quarter. American Century Companies Inc. grew its stake in Weatherford International by 5.2% in the third quarter. American Century Companies Inc. now owns 1,340,602 shares of the company’s stock worth $121,097,000 after purchasing an additional 65,935 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Weatherford International by 17.6% during the fourth quarter. Jennison Associates LLC now owns 1,284,626 shares of the company’s stock valued at $125,675,000 after buying an additional 191,855 shares in the last quarter. Institutional investors and hedge funds 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.