Measured Wealth Private Client Group LLC Grows Position in Weatherford International plc (NASDAQ:WFRD)

Measured Wealth Private Client Group LLC raised its position in shares of Weatherford International plc (NASDAQ:WFRD) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,784 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Weatherford International were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Weatherford International in the 4th quarter worth approximately $27,000. Huntington National Bank purchased a new position in shares of Weatherford International in the 3rd quarter worth approximately $30,000. CWM LLC boosted its holdings in shares of Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after purchasing an additional 185 shares during the period. NBC Securities Inc. purchased a new position in shares of Weatherford International in the 3rd quarter worth approximately $37,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Weatherford International in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

WFRD has been the subject of a number of recent research reports. Evercore ISI lifted their target price on Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Piper Sandler raised their price target on Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Benchmark reissued a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research note on Wednesday, April 24th. Bank of America raised their price target on Weatherford International from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Raymond James raised their price target on Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Weatherford International currently has a consensus rating of “Buy” and a consensus price target of $145.00.

Weatherford International Stock Up 0.3 %

NASDAQ WFRD traded up $0.33 on Friday, reaching $122.60. 553,471 shares of the stock traded hands, compared to its average volume of 821,486. 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 fifty day moving average price of $115.81 and a 200-day moving average price of $101.74. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.88 and a beta of 0.71. Weatherford International plc has a 12 month low of $55.81 and a 12 month high of $129.70.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. Weatherford International’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. As a group, research analysts forecast that Weatherford International plc will post 6.94 EPS for the current fiscal year.

Insider Buying and Selling at Weatherford International

In other news, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $97.58, for a total value of $1,170,960.00. Following the completion of the transaction, the director now directly owns 24,801 shares of the company’s stock, valued at approximately $2,420,081.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $97.58, for a total value of $1,170,960.00. Following the completion of the transaction, the director now directly owns 24,801 shares of the company’s stock, valued at approximately $2,420,081.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $98.91, for a total value of $4,001,404.05. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $12,365,629.29. The disclosure for this sale can be found here. Insiders sold a total of 145,455 shares of company stock valued at $14,863,464 in the last ninety days. Corporate insiders own 2.20% 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.