Weatherford International (NASDAQ:WFRD) Price Target Raised to $152.00

Weatherford International (NASDAQ:WFRD) had its target price boosted by Raymond James from $134.00 to $152.00 in a report released on Tuesday, Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

WFRD has been the topic of a number of other reports. Bank of America increased their target price on shares of Weatherford International from $123.00 to $135.00 and gave the stock a buy rating in a report on Monday, April 15th. Benchmark raised their price objective on shares of Weatherford International from $115.00 to $155.00 and gave the company a buy rating in a report on Monday, April 1st. TheStreet upgraded shares of Weatherford International from a c rating to a b rating in a report on Monday, March 11th. Barclays initiated coverage on shares of Weatherford International in a report on Wednesday, February 28th. They issued an overweight rating and a $135.00 price objective on the stock. Finally, Piper Sandler raised their price objective on shares of Weatherford International from $138.00 to $180.00 and gave the company an overweight rating in a report on Monday, April 8th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weatherford International presently has an average rating of Buy and a consensus price target of $131.00.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $112.79 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.37 and a current ratio of 1.79. The stock has a market capitalization of $8.16 billion, a P/E ratio of 19.96, a PEG ratio of 0.88 and a beta of 0.73. The company has a 50 day moving average price of $111.58 and a 200 day moving average price of $99.57. Weatherford International has a fifty-two week low of $55.81 and a fifty-two week high of $127.45.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.48. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. Equities research analysts forecast that Weatherford International will post 6.73 EPS for the current year.

Insider Buying and Selling

In related news, Director Benjamin Duster sold 12,000 shares of Weatherford International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the sale, the director now directly owns 12,801 shares in the company, valued at approximately $1,241,440.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Weatherford International news, Director Benjamin Duster sold 12,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the transaction, the director now directly owns 12,801 shares of the company’s stock, valued at approximately $1,241,440.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Desmond J. Mills sold 11,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the transaction, the chief accounting officer now directly owns 18,211 shares in the company, valued at $1,785,406.44. The disclosure for this sale can be found here. Insiders have sold 135,455 shares of company stock worth $13,628,764 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in Weatherford International during the 1st quarter worth $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Weatherford International in the second quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Weatherford International in the fourth quarter valued at about $27,000. Parallel Advisors LLC boosted its holdings in shares of Weatherford International by 189.0% in the fourth quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after acquiring an additional 189 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Weatherford International in the first quarter valued at about $28,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.