Weatherford International plc (NASDAQ:WFRD) CFO Arunava Mitra Sells 10,000 Shares

Weatherford International plc (NASDAQ:WFRD) CFO Arunava Mitra sold 10,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.57, for a total value of $675,700.00. Following the completion of the sale, the chief financial officer now directly owns 21,072 shares of the company’s stock, valued at approximately $1,423,835.04. This trade represents a 32.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Weatherford International Price Performance

NASDAQ WFRD opened at $67.63 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.80 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $4.91 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.48 and a beta of 0.60. Weatherford International plc has a 12-month low of $60.45 and a 12-month high of $135.00. The company has a 50 day moving average price of $70.67 and a two-hundred day moving average price of $85.04.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. As a group, equities analysts predict that Weatherford International plc will post 6.14 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International’s dividend payout ratio is 14.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WFRD. Lindbrook Capital LLC grew its holdings in Weatherford International by 130.8% during the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Weatherford International by 190.4% during the 4th quarter. Huntington National Bank now owns 392 shares of the company’s stock worth $28,000 after buying an additional 257 shares during the period. Zions Bancorporation N.A. acquired a new position in Weatherford International in the 4th quarter valued at $29,000. Farther Finance Advisors LLC raised its holdings in Weatherford International by 364.9% in the 3rd 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 period. Finally, nVerses Capital LLC acquired a new position in Weatherford International during the 3rd quarter worth $34,000. 97.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WFRD has been the subject of several research analyst reports. Raymond James reduced their price objective on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Evercore ISI decreased their price target on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark lowered their price objective on shares of Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Piper Sandler lowered their price target on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.25.

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.