Weatherford International (NASDAQ:WFRD) Price Target Raised to $180.00 at Piper Sandler

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price target hoisted by equities researchers at Piper Sandler from $138.00 to $180.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price indicates a potential upside of 46.01% from the stock's current price.

Other analysts also recently issued research reports about the stock. Barclays started coverage on shares of Weatherford International in a research report on Wednesday, February 28th. They issued an "overweight" rating and a $135.00 price target for the company. Benchmark upped their price target on shares of Weatherford International from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Finally, TheStreet upgraded shares of Weatherford International from a "c" rating to a "b" rating in a research report on Monday, March 11th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Weatherford International currently has a consensus rating of "Buy" and a consensus target price of $126.56.

Weatherford International Stock Down 0.3 %

Shares of WFRD stock traded down $0.39 during trading on Monday, reaching $123.28. The company's stock had a trading volume of 550,648 shares, compared to its average volume of 832,389. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.79 and a quick ratio of 1.37. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 21.82 and a beta of 0.73. The stock's 50-day moving average price is $106.92 and its 200 day moving average price is $98.12. Weatherford International has a 1-year low of $55.81 and a 1-year high of $127.45.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted 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. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm's revenue was up 12.7% on a year-over-year basis. On average, research analysts anticipate that Weatherford International will post 6.74 EPS for the current year.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, CEO Girish Saligram sold 60,000 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $103.57, for a total value of $6,214,200.00. Following the transaction, the chief executive officer now directly owns 146,895 shares in the company, valued at approximately $15,213,915.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Benjamin Duster sold 12,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the transaction, the director now directly owns 12,801 shares in the company, valued at approximately $1,241,440.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Girish Saligram sold 60,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total transaction of $6,214,200.00. Following the transaction, the chief executive officer now owns 146,895 shares in the company, valued at $15,213,915.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,455 shares of company stock worth $13,628,764. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in Weatherford International in the first quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in Weatherford International in the second quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. purchased a new position in Weatherford International in the fourth quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in Weatherford International by 189.0% in the fourth 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. Finally, Quarry LP purchased a new position in Weatherford International in the first quarter valued at approximately $28,000. 97.23% of the stock is currently owned by hedge funds and other 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.