Weatherford International (NASDAQ:WFRD) Price Target Raised to $152.00

Weatherford International (NASDAQ:WFRD) had its price target boosted by Raymond James from $134.00 to $152.00 in a report issued on Tuesday, Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

Other analysts also recently issued research reports about the stock. Bank of America raised their price objective on shares of Weatherford International from $123.00 to $135.00 and gave the stock a buy rating in a research note on Monday, April 15th. TheStreet raised shares of Weatherford International from a c rating to a b rating in a research note on Monday, March 11th. Barclays assumed coverage on shares of Weatherford International in a research note on Wednesday, February 28th. They issued an overweight rating and a $135.00 price objective for the company. Piper Sandler raised their price objective on shares of Weatherford International from $138.00 to $180.00 and gave the stock an overweight rating in a research note on Monday, April 8th. Finally, Benchmark raised their price objective on shares of Weatherford International from $115.00 to $155.00 and gave the stock a buy rating in a research note on Monday, April 1st. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weatherford International presently has an average rating of Buy and a consensus price target of $131.00.

Weatherford International Trading Up 1.7 %

WFRD opened at $112.79 on Tuesday. The firm has a market cap of $8.16 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.88 and a beta of 0.73. Weatherford International has a 12 month low of $55.81 and a 12 month high of $127.45. The company has a current ratio of 1.79, a quick ratio of 1.37 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average of $111.58 and a 200 day moving average of $99.57.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.42 by $0.48. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Weatherford International had a return on equity of 56.68% and a net margin of 8.12%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. As a group, research analysts forecast that Weatherford International will post 6.73 EPS for the current year.

Insider Activity

In other news, EVP Scott C. Weatherholt sold 40,455 shares of Weatherford International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the completion of the sale, the executive vice president now owns 125,019 shares of the company’s stock, valued at $12,365,629.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Desmond J. Mills sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total value of $1,078,440.00. Following the completion of the transaction, the chief accounting officer now owns 18,211 shares of the company’s stock, valued at $1,785,406.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at approximately $12,365,629.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,455 shares of company stock valued at $13,628,764. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Weatherford International

A number of large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its stake in Weatherford International by 23.6% in the third quarter. Parkside Financial Bank & Trust now owns 560 shares of the company’s stock worth $51,000 after buying an additional 107 shares in the last quarter. Xponance Inc. grew its holdings in Weatherford International by 1.1% in the fourth quarter. Xponance Inc. now owns 10,532 shares of the company’s stock worth $1,030,000 after purchasing an additional 116 shares during the last quarter. Oliver Luxxe Assets LLC grew its holdings in Weatherford International by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock worth $1,307,000 after purchasing an additional 125 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Weatherford International by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 4,497 shares of the company’s stock worth $440,000 after purchasing an additional 140 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Weatherford International by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the company’s stock worth $1,900,000 after purchasing an additional 178 shares during the last quarter. 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.