Weatherford International plc (NASDAQ:WFRD) Declares $0.25 Quarterly Dividend

Weatherford International plc (NASDAQ:WFRD - Get Free Report) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Shareholders of record on Tuesday, May 6th will be given a dividend of 0.25 per share on Thursday, June 5th. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, May 6th.

Weatherford International Trading Up 3.1 %

Shares of WFRD stock traded up $1.30 during trading hours on Friday, reaching $42.74. The company's stock had a trading volume of 2,610,496 shares, compared to its average volume of 1,114,257. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International has a one year low of $36.74 and a one year high of $135.00. The stock has a market capitalization of $3.11 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.65 and a beta of 0.70. The firm's fifty day simple moving average is $51.64 and its 200 day simple moving average is $67.98.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.14. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.21 billion. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Equities research analysts expect that Weatherford International will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Raymond James cut shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $73.00 to $69.00 in a research report on Thursday. Piper Sandler reduced their target price on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday. Barclays decreased their target price on Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Benchmark dropped their price target on Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $99.75.

Insider Activity

In other Weatherford International news, EVP Depinder Sandhu sold 14,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $66.41, for a total transaction of $929,740.00. Following the completion of the sale, the executive vice president now directly owns 8,892 shares in the company, valued at approximately $590,517.72. This trade represents a 61.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Arunava Mitra sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares in the company, valued at approximately $1,423,835.04. This represents a 32.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,930 shares of company stock worth $5,861,718. Insiders own 1.60% of the company's stock.

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.