Weatherford International (NASDAQ:WFRD) Director Sells 4,094 Shares of Stock

Key Points

• Director Jacqueline Mutschler sold 4,094 Weatherford International shares at an average price of $90.50, generating $370,507 and reducing her ownership by 12.34% to 29,093 shares.
• Weatherford reported quarterly EPS of $0.55, missing the $0.90 consensus estimate, while revenue of $1.10 billion exceeded expectations but declined 8.2% year over year.
• The company maintains a $0.275 quarterly dividend, equivalent to a 1.2% yield, while analysts hold a “Moderate Buy” consensus rating with an average price target of $113.56.

Weatherford International PLC (NASDAQ:WFRD - Get Free Report) Director Jacqueline Mutschler sold 4,094 shares of Weatherford International stock in a transaction on Monday, August 10th. The shares were sold at an average price of $90.50, for a total transaction of $370,507.00. Following the completion of the transaction, the director owned 29,093 shares in the company, valued at approximately $2,632,916.50. This represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Weatherford International Stock Performance

Shares of NASDAQ:WFRD traded down $1.73 during trading on Wednesday, reaching $92.70. The company had a trading volume of 557,711 shares, compared to its average volume of 1,316,171. Weatherford International PLC has a fifty-two week low of $54.69 and a fifty-two week high of $113.15. The stock's fifty day moving average price is $88.54 and its 200 day moving average price is $95.99. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.35). Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.87 EPS. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities research analysts predict that Weatherford International PLC will post 5.35 EPS for the current year.

Weatherford International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. Weatherford International's dividend payout ratio is currently 21.70%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group raised shares of Weatherford International from a "neutral" rating to a "buy" rating and boosted their target price for the company from $113.00 to $114.00 in a research note on Wednesday, July 29th. Raymond James Financial cut their price objective on shares of Weatherford International from $125.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, July 10th. Zacks Research lowered shares of Weatherford International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Barclays lowered their target price on shares of Weatherford International from $154.00 to $151.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Finally, Citigroup reduced their price target on Weatherford International from $137.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, June 26th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Weatherford International currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.56.

Hedge Funds Weigh In On Weatherford International

A number of large investors have recently bought and sold shares of WFRD. Smartleaf Asset Management LLC grew its stake in shares of Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company's stock valued at $25,000 after buying an additional 178 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Weatherford International in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in Weatherford International by 83.5% in the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company's stock valued at $28,000 after acquiring an additional 253 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Weatherford International during the second quarter valued at about $38,000. Finally, Leonteq Securities AG purchased a new stake in Weatherford International during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Weatherford International Company Profile

Weatherford International NASDAQ: WFRD is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.

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