Weatherford International PLC (NASDAQ:WFRD – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $110.3333.
Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Weatherford International from $111.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Piper Sandler raised their price objective on shares of Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group raised their price objective on shares of Weatherford International from $83.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Zacks Research downgraded shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, UBS Group raised their price objective on shares of Weatherford International from $105.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd.
Read Our Latest Report on WFRD
Weatherford International Stock Down 0.2%
Weatherford International (NASDAQ:WFRD – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.47. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Weatherford International will post 6.13 EPS for the current year.
Weatherford International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 6th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, May 6th. Weatherford International’s dividend payout ratio (DPR) is presently 17.21%.
Institutional Trading of Weatherford International
Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Weatherford International during the 4th quarter valued at $26,000. Leonteq Securities AG purchased a new position in Weatherford International during the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC grew its stake in Weatherford International by 83.5% during the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 253 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Weatherford International during the first quarter valued at $53,000. 97.23% of the stock is currently owned by institutional investors.
About Weatherford International
Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.
In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.
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