Calamos Advisors LLC Raises Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Calamos Advisors LLC boosted its stake in shares of Weatherford International plc (NASDAQ:WFRD) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,432 shares of the company’s stock after purchasing an additional 786 shares during the period. Calamos Advisors LLC’s holdings in Weatherford International were worth $3,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Weatherford International by 189.0% during the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock worth $28,000 after purchasing an additional 189 shares during the period. Quadrant Capital Group LLC grew its position in shares of Weatherford International by 539.1% during the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Weatherford International during the 1st quarter valued at about $29,000. CWM LLC grew its position in shares of Weatherford International by 145.7% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after acquiring an additional 185 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Weatherford International during the 1st quarter valued at about $33,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Trading Up 3.6 %

NASDAQ WFRD traded up $3.78 on Friday, reaching $108.01. The stock had a trading volume of 414,372 shares, compared to its average volume of 993,483. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a quick ratio of 1.47, a current ratio of 1.99 and a debt-to-equity ratio of 1.31. Weatherford International plc has a 12-month low of $82.16 and a 12-month high of $135.00. The stock has a fifty day moving average price of $117.01 and a two-hundred day moving average price of $115.42.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.08). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. As a group, sell-side analysts forecast that Weatherford International plc will post 6.82 EPS for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. Weatherford International’s payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Bank of America lifted their price objective on Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Wednesday, July 24th. Raymond James reduced their price target on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup began coverage on shares of Weatherford International in a research report on Tuesday, May 14th. They set a “buy” rating and a $155.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $153.88.

Weatherford International 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.