Weatherford International PLC (NASDAQ:WFRD) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Weatherford International PLC has a consensus recommendation of "Moderate Buy" from thirteen brokerages, with an average price target of $98.09.
• The company's recent quarterly earnings reported an EPS of $1.87, which exceeded estimates, despite a 14.3% decline in revenue compared to the previous year.
• Institutional investors hold 97.23% of Weatherford International's stock, with several firms increasing their stakes recently.

Weatherford International PLC (NASDAQ:WFRD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.0909.

WFRD has been the subject of several analyst reports. Zacks Research raised shares of Weatherford International from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Weatherford International in a research note on Wednesday. Barclays decreased their price objective on shares of Weatherford International from $77.00 to $73.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. BMO Capital Markets initiated coverage on shares of Weatherford International in a research note on Friday. They issued an "outperform" rating and a $82.00 price objective for the company. Finally, Piper Sandler raised shares of Weatherford International from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $62.00 to $73.00 in a research note on Monday, July 28th.

Institutional Trading of Weatherford International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of Weatherford International during the third quarter valued at approximately $35,000. Voya Investment Management LLC raised its stake in shares of Weatherford International by 11.5% during the third quarter. Voya Investment Management LLC now owns 43,865 shares of the company's stock valued at $3,002,000 after acquiring an additional 4,518 shares in the last quarter. Insight Wealth Strategies LLC bought a new stake in shares of Weatherford International during the third quarter valued at approximately $4,983,000. GAMMA Investing LLC raised its stake in shares of Weatherford International by 27.4% during the third quarter. GAMMA Investing LLC now owns 1,364 shares of the company's stock valued at $93,000 after acquiring an additional 293 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Weatherford International by 10.6% during the second quarter. Osaic Holdings Inc. now owns 10,118 shares of the company's stock valued at $511,000 after acquiring an additional 973 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Weatherford International Stock Down 4.5%

Shares of NASDAQ:WFRD opened at $61.45 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03. Weatherford International has a 12 month low of $36.74 and a 12 month high of $95.58. The company has a 50-day moving average price of $62.12 and a 200 day moving average price of $53.56. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 1.68 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.90. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The firm's quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, equities research analysts predict that Weatherford International will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 6th. Weatherford International's payout ratio is currently 15.48%.

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.

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