Weatherford International (NASDAQ:WFRD) Price Target Lowered to $73.00 at Barclays

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price target decreased by equities researchers at Barclays from $77.00 to $73.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 23.79% from the stock's previous close.

Other research analysts have also issued reports about the company. Raymond James Financial lowered Weatherford International from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $73.00 to $69.00 in a research report on Thursday, April 24th. Citigroup cut their price target on Weatherford International from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Piper Sandler dropped their target price on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

Weatherford International Stock Performance

Shares of Weatherford International stock traded up $2.11 on Thursday, hitting $58.97. The stock had a trading volume of 1,186,306 shares, compared to its average volume of 1,379,231. Weatherford International has a 52-week low of $36.74 and a 52-week high of $121.69. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.70 and a beta of 0.76. The company's 50 day moving average price is $50.98 and its 200 day moving average price is $54.14.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.90. Weatherford International had a return on equity of 34.87% and a net margin of 9.35%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The firm's quarterly revenue was down 14.3% on a year-over-year basis. On average, research analysts anticipate that Weatherford International will post 5.89 EPS for the current year.

Institutional Investors Weigh In On Weatherford International

Large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Weatherford International by 1,002.0% in the first quarter. Signaturefd LLC now owns 1,091 shares of the company's stock worth $58,000 after purchasing an additional 992 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Weatherford International during the 1st quarter worth $445,000. GAMMA Investing LLC lifted its position in Weatherford International by 55.8% during the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company's stock worth $35,000 after acquiring an additional 231 shares during the last quarter. Diversified Trust Co acquired a new position in Weatherford International during the 1st quarter worth $419,000. Finally, Hara Capital LLC acquired a new position in shares of Weatherford International during the first quarter valued at about $1,845,000. 97.23% of the stock is currently owned by institutional investors.

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.