Weatherford International (NASDAQ:WFRD) Price Target Raised to $152.00

Weatherford International (NASDAQ:WFRD - Get Free Report) had its target price upped by investment analysts at Raymond James from $134.00 to $152.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "strong-buy" rating on the stock. Raymond James' target price points to a potential upside of 33.67% from the stock's current price.

WFRD has been the subject of several other research reports. Bank of America boosted their target price on shares of Weatherford International from $123.00 to $135.00 and gave the company a "buy" rating in a research note on Monday. Piper Sandler increased their price target on Weatherford International from $138.00 to $180.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Barclays started coverage on Weatherford International in a research report on Wednesday, February 28th. They issued an "overweight" rating and a $135.00 target price for the company. Benchmark raised their target price on Weatherford International from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Finally, TheStreet upgraded 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weatherford International currently has a consensus rating of "Buy" and a consensus target price of $131.00.

Weatherford International Trading Down 1.6 %

Weatherford International stock traded down $1.85 during midday trading on Tuesday, reaching $113.71. The stock had a trading volume of 514,445 shares, compared to its average volume of 817,824. The company has a quick ratio of 1.37, a current ratio of 1.79 and a debt-to-equity ratio of 1.86. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 20.16 and a beta of 0.73. The company has a fifty day moving average of $110.16 and a 200 day moving average of $99.09. Weatherford International has a 52-week low of $55.81 and a 52-week 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. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. On average, analysts anticipate that Weatherford International will post 6.74 earnings per share for the current fiscal year.

Insider Transactions at Weatherford International

In other Weatherford International news, CAO Desmond J. Mills sold 11,000 shares of Weatherford International stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,211 shares of the company's stock, valued at $1,785,406.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Desmond J. Mills sold 11,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $98.04, for a total value of $1,078,440.00. Following the sale, the chief accounting officer now owns 18,211 shares in the company, valued at $1,785,406.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Benjamin Duster sold 12,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $96.98, for a total value of $1,163,760.00. Following the transaction, the director now directly owns 12,801 shares of the company's stock, valued at $1,241,440.98. The disclosure for this sale can be found here. Insiders have sold 135,455 shares of company stock worth $13,628,764 in the last quarter. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Weatherford International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Weatherford International by 1.6% in the third quarter. Vanguard Group Inc. now owns 7,785,384 shares of the company's stock worth $703,254,000 after acquiring an additional 120,401 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Weatherford International by 309.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,226,900 shares of the company's stock worth $609,179,000 after buying an additional 4,706,078 shares during the period. BlackRock Inc. boosted its position in shares of Weatherford International by 4.2% in the second quarter. BlackRock Inc. now owns 4,928,501 shares of the company's stock worth $327,351,000 after buying an additional 197,337 shares during the period. Boston Partners lifted its position in shares of Weatherford International by 3.5% in the fourth quarter. Boston Partners now owns 2,282,581 shares of the company's stock worth $223,127,000 after buying an additional 76,872 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Weatherford International by 6.6% in the first quarter. State Street Corp now owns 1,792,295 shares of the company's stock worth $106,373,000 after purchasing an additional 111,712 shares during the period. Institutional investors and hedge funds 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.