Weatherford International (NASDAQ:WFRD) PT Lowered to $147.00 at Barclays

Weatherford International (NASDAQ:WFRD) had its price objective cut by Barclays from $154.00 to $147.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on WFRD. Raymond James dropped their price objective on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. Bank of America cut 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. Evercore ISI decreased their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Weatherford International in a research note on Thursday. Finally, Citigroup decreased their price target on Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $144.88.

Weatherford International Stock Up 3.9 %

NASDAQ:WFRD opened at $80.35 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average of $93.33 and a 200-day moving average of $109.70. The firm has a market capitalization of $5.88 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. Weatherford International has a 52 week low of $77.29 and a 52 week high of $135.00.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a return on equity of 49.11% and a net margin of 9.65%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. Analysts predict that Weatherford International will post 6.56 EPS for the current year.

Weatherford International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, November 6th. Weatherford International’s dividend payout ratio is presently 16.18%.

Insider Activity

In other news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Weatherford International by 86.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the company’s stock valued at $132,000 after buying an additional 628 shares in the last quarter. Diversified Trust Co lifted its position in shares of Weatherford International by 6.0% during the 1st quarter. Diversified Trust Co now owns 13,695 shares of the company’s stock worth $1,581,000 after purchasing an additional 778 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Weatherford International by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock valued at $1,307,000 after acquiring an additional 125 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Weatherford International by 669.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,221 shares of the company’s stock valued at $1,872,000 after purchasing an additional 14,112 shares during the period. Finally, State of Michigan Retirement System lifted its stake in shares of Weatherford International by 2.9% in the first quarter. State of Michigan Retirement System now owns 17,800 shares of the company’s stock valued at $2,054,000 after buying an additional 500 shares during the period. 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.