Weatherford International PLC (NASDAQ:WFRD) Declares $0.28 Quarterly Dividend

Weatherford International PLC (NASDAQ:WFRD) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Thursday, August 6th will be given a dividend of 0.275 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th.

Weatherford International Stock Performance

Shares of WFRD opened at $88.35 on Tuesday. Weatherford International has a 12-month low of $52.70 and a 12-month high of $113.15. The stock has a market cap of $6.33 billion, a P/E ratio of 17.43, a PEG ratio of 1.47 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $90.32 and a two-hundred day moving average of $95.78.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.35). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. As a group, research analysts predict that Weatherford International will post 5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WFRD shares. UBS Group upgraded Weatherford International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $113.00 to $114.00 in a research note on Wednesday, July 29th. Raymond James Financial reduced their target price on Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Barclays decreased their price target on shares of Weatherford International from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Citigroup cut their price target on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Finally, Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and a consensus price target of $113.56.

Weatherford International Company Profile

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.