Weatherford International plc (NASDAQ:WFRD) EVP David John Reed Sells 4,762 Shares

Weatherford International plc (NASDAQ:WFRD) EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the sale, the executive vice president now owns 11,109 shares in the company, valued at $807,179.94. This represents a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weatherford International Stock Performance

Shares of NASDAQ WFRD opened at $72.13 on Thursday. The stock has a market cap of $5.24 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. Weatherford International plc has a 1 year low of $66.23 and a 1 year high of $135.00. The firm has a fifty day moving average price of $78.40 and a 200-day moving average price of $94.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Weatherford International plc will post 6.85 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, November 6th. Weatherford International’s dividend payout ratio (DPR) is currently 14.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WFRD shares. Piper Sandler assumed coverage on shares of Weatherford International in a report on Thursday, December 19th. They issued a “neutral” rating and a $87.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Weatherford International in a report on Thursday, October 24th. The Goldman Sachs Group cut shares of Weatherford International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $98.00 in a report on Friday, December 13th. Evercore ISI dropped their target price on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Barclays decreased their target price on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average price target of $121.25.

Institutional Investors Weigh In On Weatherford International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. bought a new position in shares of Weatherford International during the fourth quarter worth $293,000. Retirement Systems of Alabama boosted its holdings in shares of Weatherford International by 94.2% during the 3rd quarter. Retirement Systems of Alabama now owns 175,369 shares of the company’s stock valued at $14,892,000 after purchasing an additional 85,080 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Weatherford International by 63.3% during the third quarter. Franklin Resources Inc. now owns 461,790 shares of the company’s stock valued at $43,007,000 after purchasing an additional 179,064 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Weatherford International by 39.3% in the third quarter. Tidal Investments LLC now owns 7,173 shares of the company’s stock worth $609,000 after buying an additional 2,022 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Weatherford International during the third quarter valued at approximately $571,000. Institutional investors 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.