Weatherford International plc (NASDAQ:WFRD) Announces $0.25 Quarterly Dividend

Weatherford International plc (NASDAQ:WFRD) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Investors of record on Tuesday, August 13th will be paid a dividend of 0.25 per share on Thursday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, August 13th.

Weatherford International Stock Performance

Shares of Weatherford International stock opened at $121.55 on Thursday. The business’s fifty day simple moving average is $120.66 and its 200 day simple moving average is $112.99. The firm has a market capitalization of $8.89 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 0.89 and a beta of 0.64. Weatherford International has a 12 month low of $76.43 and a 12 month high of $135.00. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 1.48.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a return on equity of 53.86% and a net margin of 9.19%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. As a group, analysts anticipate that Weatherford International will post 7.1 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James boosted their target price on Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 16th. Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Wednesday. Citigroup assumed coverage on Weatherford International in a research note on Tuesday, May 14th. They issued a “buy” rating and a $155.00 target price on the stock. Bank of America boosted their target price on Weatherford International from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Evercore ISI boosted their target price on Weatherford International from $130.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weatherford International currently has a consensus rating of “Buy” and a consensus price target of $152.50.

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.