18,222 Shares in Weatherford International PLC $WFRD Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of Weatherford International PLC (NASDAQ:WFRD) during the second quarter, Holdings Channel.com reports. The fund bought 18,222 shares of the company’s stock, valued at approximately $917,000. Weatherford International comprises 0.8% of Bryce Point Capital LLC’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of WFRD. IFP Advisors Inc boosted its stake in Weatherford International by 14.2% during the second quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $75,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC boosted its stake in Weatherford International by 55.8% during the first quarter. GAMMA Investing LLC now owns 645 shares of the company’s stock worth $35,000 after buying an additional 231 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Weatherford International by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 22,933 shares of the company’s stock worth $1,154,000 after buying an additional 273 shares in the last quarter. Covestor Ltd boosted its stake in Weatherford International by 34.3% during the first quarter. Covestor Ltd now owns 1,244 shares of the company’s stock worth $67,000 after buying an additional 318 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Weatherford International by 20.7% during the first quarter. TD Private Client Wealth LLC now owns 2,360 shares of the company’s stock worth $126,000 after buying an additional 404 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WFRD. Barclays boosted their target price on shares of Weatherford International from $73.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Piper Sandler boosted their target price on shares of Weatherford International from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Melius initiated coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Weatherford International in a research report on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $70.00 price target (up previously from $69.00) on shares of Weatherford International in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.33.

Weatherford International Stock Performance

Shares of NASDAQ:WFRD opened at $75.24 on Tuesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.84 and a beta of 0.79. Weatherford International PLC has a 1-year low of $36.74 and a 1-year high of $91.82. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $65.75 and a two-hundred day moving average price of $56.17.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Weatherford International PLC will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 6th. Weatherford International’s payout ratio is currently 18.12%.

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.