Weatherford International (NASDAQ:WFRD) Given New $73.00 Price Target at The Goldman Sachs Group

Weatherford International (NASDAQ:WFRD) had its target price increased by The Goldman Sachs Group from $66.00 to $73.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently commented on WFRD. Melius initiated coverage on shares of Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 target price for the company. Zacks Research upgraded shares of Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. BMO Capital Markets started coverage on shares of Weatherford International in a research note on Friday, October 10th. They issued an “outperform” rating and a $82.00 price target for the company. Melius Research assumed coverage on shares of Weatherford International in a research note on Wednesday, August 20th. They issued a “buy” rating and a $108.00 price target for the company. Finally, Raymond James Financial restated an “outperform” rating and set a $70.00 target price (up previously from $69.00) on shares of Weatherford International in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Weatherford International currently has an average rating of “Moderate Buy” and an average price target of $88.56.

Weatherford International Stock Down 0.9%

Shares of WFRD stock opened at $72.85 on Wednesday. The firm has a fifty day moving average of $66.17 and a 200-day moving average of $56.48. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. Weatherford International has a 12-month low of $36.74 and a 12-month high of $91.82. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.84 and a beta of 0.79.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.03). Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm’s revenue was down 12.6% on a year-over-year basis. Weatherford International has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 6th. Weatherford International’s dividend payout ratio (DPR) is currently 18.12%.

Hedge Funds Weigh In On Weatherford International

Several hedge funds have recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in shares of Weatherford International in the 3rd quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in shares of Weatherford International in the 3rd quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC acquired a new stake in Weatherford International during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after buying an additional 253 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Weatherford International by 69.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company’s stock worth $29,000 after buying an additional 240 shares during the period. 97.23% of the stock is owned by 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.