Weatherford International (NASDAQ:WFRD) Stock Price Down 4.4% - Time to Sell?

Weatherford International PLC (NASDAQ:WFRD - Get Free Report)'s stock price traded down 4.4% during mid-day trading on Monday . The company traded as low as $56.00 and last traded at $55.61. 140,307 shares changed hands during trading, a decline of 88% from the average session volume of 1,185,279 shares. The stock had previously closed at $58.15.

Wall Street Analyst Weigh In

WFRD has been the subject of several research analyst reports. Citigroup reduced their target price on Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Raymond James Financial lowered Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $73.00 to $69.00 in a research report on Thursday, April 24th. Barclays lowered their price target on Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Piper Sandler decreased their target price on Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.63.

Weatherford International Price Performance

The stock has a 50-day simple moving average of $49.93 and a 200 day simple moving average of $55.19. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Weatherford International had a return on equity of 35.88% and a net margin of 8.79%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts forecast that Weatherford International PLC will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Neal P. Goldman purchased 12,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of $42.04 per share, with a total value of $504,480.00. Following the purchase, the director directly owned 25,311 shares in the company, valued at $1,064,074.44. This represents a 90.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Weatherford International

Institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in Weatherford International by 190.4% in the 4th quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Zions Bancorporation N.A. bought a new position in Weatherford International in the 4th quarter valued at $29,000. American National Bank & Trust raised its position in Weatherford International by 2,392.0% in the 2nd quarter. American National Bank & Trust now owns 623 shares of the company's stock valued at $31,000 after purchasing an additional 598 shares during the last quarter. Fifth Third Bancorp raised its position in Weatherford International by 546.7% in the 1st quarter. Fifth Third Bancorp now owns 595 shares of the company's stock valued at $32,000 after purchasing an additional 503 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in Weatherford International by 30,600.0% in the 1st quarter. Brooklyn Investment Group now owns 614 shares of the company's stock valued at $33,000 after purchasing an additional 612 shares during the last quarter. 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.