Weatherford International’s (WFRD) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Weatherford International (NASDAQ:WFRD) in a report issued on Wednesday, Benzinga reports. Benchmark currently has a $155.00 price target on the stock.

A number of other analysts have also recently commented on the company. Piper Sandler lifted their target price on Weatherford International from $138.00 to $180.00 and gave the stock an overweight rating in a research report on Monday, April 8th. Bank of America lifted their target price on Weatherford International from $123.00 to $135.00 and gave the stock a buy rating in a research report on Monday, April 15th. Raymond James lifted their target price on Weatherford International from $134.00 to $152.00 and gave the stock a strong-buy rating in a research report on Tuesday, April 16th. Barclays began coverage on Weatherford International in a report on Wednesday, February 28th. They set an overweight rating and a $135.00 price target on the stock. Finally, TheStreet raised Weatherford International from a c rating to a b rating in a report on Monday, March 11th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Weatherford International presently has a consensus rating of Buy and an average price target of $136.89.

Weatherford International Stock Up 3.5 %

Weatherford International stock opened at $127.97 on Wednesday. Weatherford International has a 1-year low of $55.81 and a 1-year high of $129.70. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.72 and a quick ratio of 1.37. The stock has a market cap of $9.25 billion, a PE ratio of 20.71, a P/E/G ratio of 0.99 and a beta of 0.73. The stock’s fifty day moving average is $113.86 and its two-hundred day moving average is $100.75.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Weatherford International will post 6.73 EPS for the current fiscal year.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, Director Charles M. Sledge sold 10,000 shares of Weatherford International 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 sale, the director now owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Charles M. Sledge sold 10,000 shares of the business’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 transaction of $1,234,700.00. Following the sale, the director now owns 32,729 shares of the company’s stock, valued at approximately $4,041,049.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $4,001,404.05. Following the sale, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $12,365,629.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,455 shares of company stock valued at $14,863,464. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Weatherford International

Several institutional investors have recently modified their holdings of WFRD. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Weatherford International during the 4th quarter worth approximately $27,000. Parallel Advisors LLC raised its position in shares of Weatherford International by 189.0% during the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock worth $28,000 after purchasing an additional 189 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Weatherford International by 539.1% during the 4th 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 last quarter. Huntington National Bank acquired a new position in shares of Weatherford International during the 3rd quarter worth approximately $30,000. Finally, CWM LLC raised its position in shares of Weatherford International by 145.7% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other 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.