Weatherford International (NASDAQ:WFRD) Price Target Lowered to $77.00 at Barclays

Weatherford International (NASDAQ:WFRD - Free Report) had its price objective reduced by Barclays from $85.00 to $77.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

WFRD has been the topic of a number of other reports. Raymond James downgraded Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $73.00 to $69.00 in a research note on Thursday, April 24th. Piper Sandler dropped their price target on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Benchmark dropped their price target on Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $99.75.

Weatherford International Trading Down 5.8 %

NASDAQ:WFRD traded down $2.54 during mid-day trading on Friday, hitting $41.06. 819,595 shares of the company's stock were exchanged, compared to its average volume of 1,122,422. The company has a 50 day simple moving average of $50.52 and a 200-day simple moving average of $67.27. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International has a fifty-two week low of $36.74 and a fifty-two week high of $135.00. The firm has a market capitalization of $2.99 billion, a P/E ratio of 6.11, a PEG ratio of 1.65 and a beta of 0.70.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.89 by $0.14. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, research analysts expect that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, May 6th. Weatherford International's dividend payout ratio (DPR) is presently 16.00%.

Insider Transactions at Weatherford International

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of Weatherford International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the transaction, the chief financial officer now owns 21,072 shares of the company's stock, valued at $1,423,835.04. This trade represents a 32.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neal P. Goldman bought 12,000 shares of the company's stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of $42.04 per share, for a total transaction of $504,480.00. Following the transaction, the director now owns 25,311 shares in the company, valued at approximately $1,064,074.44. This represents a 90.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 43,425 shares of company stock worth $2,916,822 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Weatherford International

Hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in shares of Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after buying an additional 204 shares in the last quarter. Huntington National Bank increased its stake in shares of Weatherford International by 190.4% during the 4th quarter. Huntington National Bank now owns 392 shares of the company's stock worth $28,000 after purchasing an additional 257 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Weatherford International during the 4th quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in shares of Weatherford International by 546.7% during the 1st quarter. Fifth Third Bancorp now owns 595 shares of the company's stock worth $32,000 after purchasing an additional 503 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 231 shares during 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.