Weatherford International plc (NASDAQ:WFRD – Get Free Report) EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now directly owns 11,109 shares in the company, valued at approximately $807,179.94. This represents a 30.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Weatherford International Trading Down 3.6 %
Shares of WFRD traded down $2.67 during mid-day trading on Wednesday, hitting $72.13. 626,659 shares of the company’s stock traded hands, compared to its average volume of 629,952. The firm has a market capitalization of $5.24 billion, a P/E ratio of 10.13, a PEG ratio of 0.64 and a beta of 0.64. The business’s 50-day moving average price is $78.52 and its 200-day moving average price is $95.06. Weatherford International plc has a 1 year low of $66.23 and a 1 year high of $135.00. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20.
Weatherford International (NASDAQ:WFRD – Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 EPS. As a group, sell-side analysts forecast that Weatherford International plc will post 6.85 EPS for the current fiscal year.
Weatherford International Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WFRD. Farther Finance Advisors LLC grew its stake in shares of Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. nVerses Capital LLC purchased a new stake in Weatherford International during the 3rd quarter valued at about $34,000. Millburn Ridgefield Corp bought a new stake in Weatherford International during the 3rd quarter valued at about $42,000. GAMMA Investing LLC lifted its stake in shares of Weatherford International by 36.9% in the third quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after buying an additional 141 shares in the last quarter. Finally, Park Place Capital Corp boosted its stake in Weatherford International by 1,516.2% during the 3rd quarter. Park Place Capital Corp now owns 598 shares of the company’s stock valued at $51,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on WFRD. The Goldman Sachs Group lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Barclays lowered their price target on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Citigroup dropped their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Bank of America cut their target price on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Piper Sandler began coverage on shares of Weatherford International in a research note on Thursday, December 19th. They issued a “neutral” rating and a $87.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.25.
Check Out Our Latest Stock Analysis on WFRD
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.
Read More
- Five stocks we like better than Weatherford International
- What Investors Need to Know to Beat the Market
- Moderna Shares Spike on H5N1 News—What’s Next for Investors?
- Insider Trades May Not Tell You What You Think
- Nebius Group (NBIS): A Small-Cap Backed by NVIDIA
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Natural Gas Demand to Surge: Top 3 Stocks and ETFs to Consider
Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.