Weatherford International (NASDAQ:WFRD - Get Free Report) had its price objective hoisted by stock analysts at Piper Sandler from $73.00 to $79.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 26.48% from the company's current price.
A number of other equities research analysts have also issued reports on WFRD. Zacks Research raised Weatherford International from a "hold" rating to a "strong-buy" rating in a research note on Monday. Melius began coverage on Weatherford International in a research note on Wednesday, August 20th. They set a "buy" rating and a $108.00 price target for the company. Barclays decreased their price target on Weatherford International from $77.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Melius Research began coverage on Weatherford International in a research note on Wednesday, August 20th. They set a "buy" rating and a $108.00 price target for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Weatherford International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.50.
Get Our Latest Analysis on WFRD
Weatherford International Stock Performance
WFRD stock traded down $0.57 during trading on Thursday, reaching $62.46. The stock had a trading volume of 290,193 shares, compared to its average volume of 1,217,485. Weatherford International has a 52 week low of $36.74 and a 52 week high of $92.69. The stock's 50 day moving average is $62.53 and its two-hundred day moving average is $53.76. 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 firm has a market cap of $4.49 billion, a PE ratio of 9.72, a PEG ratio of 1.73 and a beta of 0.79.
Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.90. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a return on equity of 34.87% and a net margin of 9.35%.The firm's quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the company earned $1.66 EPS. As a group, equities analysts anticipate that Weatherford International will post 5.89 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in WFRD. GAMMA Investing LLC raised its position in shares of Weatherford International by 55.8% in the 1st quarter. GAMMA Investing LLC now owns 645 shares of the company's stock worth $35,000 after acquiring an additional 231 shares in the last quarter. SG Americas Securities LLC grew its stake in Weatherford International by 46.0% during the 1st quarter. SG Americas Securities LLC now owns 7,709 shares of the company's stock worth $413,000 after buying an additional 2,428 shares during the last quarter. Fifth Third Bancorp grew its stake in 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 buying an additional 503 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Weatherford International by 634.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,794 shares of the company's stock worth $257,000 after buying an additional 4,141 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Weatherford International during the 1st quarter worth $445,000. 97.23% of the stock is owned by institutional investors.
About Weatherford International
(
Get Free Report)
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.
Further Reading
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