Weatherford International (WFRD) – Analysts’ Weekly Ratings Changes

Posted by Matthew Jenks on Nov 1st, 2024

Weatherford International (NASDAQ: WFRD) has recently received a number of price target changes and ratings updates:

10/25/2024 – Weatherford International had its price target lowered by analysts at Barclays PLC from $154.00 to $147.00. They now have an “overweight” rating on the stock.
10/24/2024 – Weatherford International had its price target lowered by analysts at Evercore ISI from $149.00 to $142.00. They now have an “outperform” rating on the stock.
10/24/2024 – Weatherford International had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $155.00 price target on the stock.
10/16/2024 – Weatherford International had its price target lowered by analysts at Barclays PLC from $165.00 to $154.00. They now have an “overweight” rating on the stock.
10/14/2024 – Weatherford International had its price target lowered by analysts at Bank of America Co. from $145.00 to $130.00. They now have a “buy” rating on the stock.
9/25/2024 – Weatherford International had its price target lowered by analysts at Citigroup Inc. from $155.00 to $130.00. They now have a “buy” rating on the stock.

Weatherford International Stock Performance

Shares of Weatherford International stock traded down $1.50 on Friday, reaching $77.50. 795,948 shares of the stock were exchanged, compared to its average volume of 915,604. The firm has a market capitalization of $5.63 billion, a PE ratio of 10.88, a PEG ratio of 0.78 and a beta of 0.58. Weatherford International plc has a 1-year low of $77.00 and a 1-year high of $135.00. The business has a fifty day moving average price of $91.28 and a two-hundred day moving average price of $108.72. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

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

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. Weatherford International’s payout ratio is 14.04%.

Insider Transactions at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Weatherford International news, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Weatherford International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 7,599,657 shares of the company’s stock worth $877,152,000 after purchasing an additional 53,017 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Weatherford International by 2.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,409,020 shares of the company’s stock valued at $739,730,000 after acquiring an additional 182,120 shares during the period. Boston Partners lifted its holdings in shares of Weatherford International by 19.3% during the 1st quarter. Boston Partners now owns 2,722,281 shares of the company’s stock valued at $315,240,000 after acquiring an additional 439,700 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Weatherford International by 6.2% in the 2nd quarter. Renaissance Technologies LLC now owns 657,953 shares of the company’s stock valued at $80,566,000 after purchasing an additional 38,700 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Weatherford International by 33.0% during the second quarter. Millennium Management LLC now owns 631,862 shares of the company’s stock worth $77,372,000 after purchasing an additional 156,756 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.