Weatherford International (WFRD) Expected to Announce Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRD) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $1.37 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Weatherford International Stock Down 3.9 %

WFRD opened at $66.19 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. Weatherford International has a 12 month low of $65.41 and a 12 month high of $135.00. The stock has a market capitalization of $4.81 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.52 and a beta of 0.64. The business has a 50 day simple moving average of $74.63 and a 200-day simple moving average of $89.56.

Insider Transactions at Weatherford International

In related news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the completion of the sale, the executive vice president now owns 11,109 shares in the company, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Evercore ISI reduced their target price on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays reduced their price objective on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Piper Sandler initiated coverage on shares of Weatherford International in a research report on Thursday, December 19th. They set a “neutral” rating and a $87.00 target price on the stock. The Goldman Sachs Group downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Bank of America lowered their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and an average target price of $121.25.

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.