Weatherford International (WFRD) Projected to Post Earnings on Tuesday

Weatherford International (NASDAQ:WFRD) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.93 per share and revenue of $1.21 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. On average, analysts expect Weatherford International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Weatherford International Stock Up 5.4 %

Shares of NASDAQ WFRD opened at $46.68 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. The firm’s 50-day moving average is $54.43 and its two-hundred day moving average is $69.51. Weatherford International has a 12-month low of $36.74 and a 12-month high of $135.00. The company has a market capitalization of $3.40 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70.

Weatherford International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio (DPR) is presently 14.88%.

Insider Activity at Weatherford International

In other Weatherford International news, EVP Depinder Sandhu sold 14,000 shares of Weatherford International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $66.41, for a total transaction of $929,740.00. Following the transaction, the executive vice president now directly owns 8,892 shares of the company’s stock, valued at $590,517.72. The trade was a 61.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the sale, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,930 shares of company stock worth $5,861,718. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on WFRD shares. Piper Sandler reduced their price objective on Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Raymond James reduced their price objective on shares of Weatherford International from $97.00 to $73.00 and set a “strong-buy” rating on the stock in a research note on Monday, April 14th. Barclays lowered their target price on shares of Weatherford International from $92.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, Benchmark reduced their price target on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average target price of $103.75.

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.