Weatherford International plc (NASDAQ:WFRD) Director Charles M. Sledge Sells 10,000 Shares

Weatherford International plc (NASDAQ:WFRD) Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the transaction, the director now owns 32,729 shares in the company, valued at approximately $4,041,049.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Weatherford International Stock Performance

Shares of WFRD stock opened at $127.97 on Friday. Weatherford International plc has a 12 month low of $55.81 and a 12 month high of $129.70. The firm has a market cap of $9.36 billion, a PE ratio of 20.71, a P/E/G ratio of 0.98 and a beta of 0.73. The company’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $100.75. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts expect that Weatherford International plc will post 6.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on WFRD shares. Evercore ISI lifted their price target on Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research report on Wednesday. Piper Sandler increased their price target on shares of Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday. TheStreet upgraded shares of Weatherford International from a “c” rating to a “b” rating in a research note on Monday, March 11th. Finally, Raymond James boosted their price objective on shares of Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weatherford International presently has a consensus rating of “Buy” and a consensus target price of $136.89.

Hedge Funds Weigh In On Weatherford International

A number of institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Weatherford International in the fourth quarter worth about $27,000. Parallel Advisors LLC raised its holdings in Weatherford International by 189.0% in the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after buying an additional 189 shares during the period. Quadrant Capital Group LLC increased its stake in Weatherford International by 539.1% during the fourth quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the period. Huntington National Bank acquired a new position in shares of Weatherford International during the third quarter worth about $30,000. Finally, CWM LLC boosted its holdings in Weatherford International by 145.7% in the fourth quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

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.