Weatherford International PLC $WFRD Stock Holdings Lifted by Stephens Inc. AR

Stephens Inc. AR increased its holdings in Weatherford International PLC (NASDAQ:WFRD) by 188.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,944 shares of the company’s stock after buying an additional 7,798 shares during the period. Stephens Inc. AR’s holdings in Weatherford International were worth $817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC bought a new position in Weatherford International in the third quarter worth about $26,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Weatherford International in the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Weatherford International by 83.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 253 shares during the last quarter. 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 valued at $29,000 after purchasing an additional 240 shares during the period. Finally, American National Bank & Trust grew its stake in Weatherford International by 2,392.0% during the 2nd quarter. American National Bank & Trust now owns 623 shares of the company’s stock worth $31,000 after buying an additional 598 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Weatherford International from $66.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. BMO Capital Markets started coverage on shares of Weatherford International in a report on Friday, October 10th. They issued an “outperform” rating and a $82.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Weatherford International in a research note on Wednesday, October 8th. UBS Group initiated coverage on shares of Weatherford International in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $82.00 target price for the company. Finally, Citigroup raised their price target on shares of Weatherford International from $77.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.70.

Insider Activity

In other news, EVP Kristin Ruzicka sold 2,129 shares of Weatherford International stock in a transaction on Friday, December 5th. The stock was sold at an average price of $77.25, for a total transaction of $164,465.25. Following the transaction, the executive vice president directly owned 15,673 shares in the company, valued at approximately $1,210,739.25. This trade represents a 11.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.09% of the company’s stock.

Weatherford International Stock Performance

Shares of WFRD opened at $83.74 on Monday. The firm has a market capitalization of $6.01 billion, a PE ratio of 15.17 and a beta of 0.79. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $78.44 and a 200 day moving average price of $67.88. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $91.23.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $2.06 earnings per share. The company’s revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International 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.