Weatherford International (NASDAQ:WFRD) PT Lowered to $130.00 at Citigroup

Weatherford International (NASDAQ:WFRD) had its price target lowered by Citigroup from $155.00 to $130.00 in a report issued on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Benchmark reaffirmed a buy rating and issued a $155.00 price target on shares of Weatherford International in a report on Wednesday, July 24th. Bank of America boosted their target price on Weatherford International from $145.00 to $150.00 and gave the company a buy rating in a research note on Monday, July 15th. Raymond James dropped their price target on Weatherford International from $161.00 to $158.00 and set a strong-buy rating on the stock in a research report on Thursday, July 25th. Finally, Barclays lifted their price objective on Weatherford International from $160.00 to $165.00 and gave the stock an overweight rating in a report on Thursday, July 25th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $150.75.

Weatherford International Stock Up 1.3 %

WFRD stock opened at $85.17 on Wednesday. Weatherford International has a 1-year low of $82.16 and a 1-year high of $135.00. The stock has a market cap of $6.23 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.67 and a beta of 0.61. The stock’s fifty day simple moving average is $102.98 and its two-hundred day simple moving average is $113.93. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.08). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. Weatherford International’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. Analysts expect that Weatherford International will post 6.81 EPS for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Weatherford International’s dividend payout ratio (DPR) is 16.18%.

Insider Buying and Selling at Weatherford International

In related news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

A number of institutional investors and hedge funds have recently made changes to their positions in WFRD. Transcendent Capital Group LLC purchased a new stake in Weatherford International in the first quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new position in shares of Weatherford International in the 1st quarter worth $33,000. Parallel Advisors LLC raised its position in shares of Weatherford International by 189.0% during the 4th quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after buying an additional 189 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Weatherford International during the 1st quarter worth $34,000. Finally, Quadrant Capital Group LLC grew its position in Weatherford International by 539.1% in the fourth quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 97.23% 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.