Weatherford International plc (NASDAQ:WFRD) CAO Desmond J. Mills Sells 6,531 Shares of Stock

Weatherford International plc (NASDAQ:WFRD) CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the sale, the chief accounting officer now directly owns 11,680 shares of the company’s stock, valued at approximately $932,764.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Weatherford International Stock Down 1.1 %

Shares of WFRD opened at $79.16 on Wednesday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.80 and a beta of 0.58. Weatherford International plc has a 52 week low of $77.29 and a 52 week high of $135.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The stock has a fifty day moving average of $92.29 and a 200-day moving average of $109.14.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weatherford International plc will post 6.74 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, November 6th. Weatherford International’s dividend payout ratio (DPR) is currently 14.04%.

Analyst Ratings Changes

WFRD has been the topic of several recent research reports. Bank of America lowered their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Barclays reduced their price target on shares of Weatherford International from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Raymond James cut their target price on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI lowered their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. 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.com, Weatherford International has an average rating of “Buy” and an average target price of $144.88.

Hedge Funds Weigh In On Weatherford International

A number of hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in Weatherford International in the first quarter valued at $29,000. Fidelis Capital Partners LLC bought a new position in shares of Weatherford International during the first quarter worth about $33,000. Farther Finance Advisors LLC raised its position in shares of Weatherford International by 364.9% during 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. Fifth Third Bancorp lifted its stake in shares of Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock worth $44,000 after acquiring an additional 85 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds 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.