Weatherford International (WFRD) to Post Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRD) is projected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Weatherford International to post earnings of $1.80 per share and revenue of $1.37 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $63.84 on Tuesday. The firm’s 50-day moving average is $73.01 and its 200-day moving average is $87.67. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. Weatherford International has a 52-week low of $60.45 and a 52-week high of $135.00.

Insider Activity at Weatherford International

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the sale, the executive vice president now owns 125,019 shares in the company, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David John Reed sold 4,762 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now owns 11,109 shares in the company, valued at $807,179.94. This represents a 30.00 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on WFRD. Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a report on Thursday, October 24th. The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and cut their target price for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Evercore ISI decreased their price target on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Bank of America dropped their price objective on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Piper Sandler started coverage on shares of Weatherford International in a research report on Thursday, December 19th. They set a “neutral” rating and a $87.00 target price on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.25.

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.