Weatherford International (NASDAQ:WFRD) Price Target Raised to $165.00

Weatherford International (NASDAQ:WFRD) had its target price raised by Barclays from $160.00 to $165.00 in a research report report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Benchmark reissued a buy rating and set a $155.00 price objective on shares of Weatherford International in a report on Wednesday, July 24th. Raymond James raised their price objective on shares of Weatherford International from $134.00 to $152.00 and gave the stock a strong-buy rating in a report on Tuesday, April 16th. Piper Sandler raised their price objective on shares of Weatherford International from $180.00 to $184.00 and gave the stock an overweight rating in a report on Thursday, April 25th. Evercore ISI raised their price objective on shares of Weatherford International from $130.00 to $151.00 and gave the stock an outperform rating in a report on Thursday, April 25th. Finally, Citigroup started coverage on shares of Weatherford International in a report on Tuesday, May 14th. They set a buy rating and a $155.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $153.88.

Weatherford International Stock Down 0.3 %

Shares of NASDAQ:WFRD opened at $117.38 on Thursday. The firm’s 50 day moving average price is $120.43 and its 200 day moving average price is $113.51. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 0.78 and a beta of 0.64. Weatherford International has a fifty-two week low of $78.53 and a fifty-two week high of $135.00. The company has a quick ratio of 1.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.31.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.08). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, equities research analysts predict that Weatherford International will post 6.91 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds have recently modified their holdings of WFRD. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Weatherford International during the fourth quarter worth approximately $27,000. Parallel Advisors LLC grew its position 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 last quarter. Quadrant Capital Group LLC grew its position in Weatherford International by 539.1% in the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after buying an additional 248 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Weatherford International in the 1st quarter valued at $29,000. Finally, CWM LLC grew its position in Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after buying an additional 185 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.