Weatherford International (NASDAQ:WFRD) Price Target Lowered to $154.00 at Barclays

Weatherford International (NASDAQ:WFRD) had its price objective trimmed by Barclays from $165.00 to $154.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Citigroup dropped their price target on Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Raymond James dropped their target price on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. Bank of America reduced their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday. Finally, Benchmark reissued a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weatherford International has a consensus rating of “Buy” and an average price target of $146.88.

Weatherford International Stock Up 1.1 %

WFRD stock opened at $91.71 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The company’s 50-day moving average price is $96.68 and its 200 day moving average price is $111.71. Weatherford International has a 52 week low of $82.16 and a 52 week high of $135.00. The company has a market cap of $6.71 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.67 and a beta of 0.58.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.08). Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $1.12 EPS. Weatherford International’s revenue was up 10.3% compared to the same quarter last year. On average, research analysts expect that Weatherford International will post 6.72 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, August 13th. Weatherford International’s payout ratio is 14.88%.

Insider Buying and Selling

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total value of $639,397.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Weatherford International

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Hawaiian Bank acquired a new stake in Weatherford International in the 2nd quarter worth about $1,653,000. Allspring Global Investments Holdings LLC grew its holdings in Weatherford International by 669.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,221 shares of the company’s stock valued at $1,872,000 after purchasing an additional 14,112 shares during the period. Entropy Technologies LP increased its position in Weatherford International by 79.7% during the first quarter. Entropy Technologies LP now owns 11,985 shares of the company’s stock worth $1,383,000 after purchasing an additional 5,315 shares during the last quarter. Sei Investments Co. raised its stake in Weatherford International by 107.2% during the first quarter. Sei Investments Co. now owns 23,527 shares of the company’s stock worth $2,715,000 after purchasing an additional 12,170 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Weatherford International by 2.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,409,020 shares of the company’s stock valued at $739,730,000 after purchasing an additional 182,120 shares during the last quarter. Hedge funds and other institutional investors 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.