Weatherford International (NASDAQ:WFRD) Price Target Increased to $152.00 by Analysts at Raymond James

Weatherford International (NASDAQ:WFRD) had its target price hoisted by Raymond James from $134.00 to $152.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a strong-buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Bank of America upped their target price on Weatherford International from $123.00 to $135.00 and gave the company a buy rating in a report on Monday. Piper Sandler raised their price objective on shares of Weatherford International from $138.00 to $180.00 and gave the company an overweight rating in a research report on Monday, April 8th. Benchmark raised their price objective on shares of Weatherford International from $115.00 to $155.00 and gave the company a buy rating in a research report on Monday, April 1st. TheStreet upgraded Weatherford International from a c rating to a b rating in a report on Monday, March 11th. Finally, Barclays assumed coverage on shares of Weatherford International in a research note on Wednesday, February 28th. They issued an overweight rating and a $135.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and an average target price of $131.00.

Weatherford International Price Performance

NASDAQ WFRD opened at $113.71 on Tuesday. The stock’s 50-day moving average price is $110.68 and its two-hundred day moving average price is $99.25. The company has a current ratio of 1.79, a quick ratio of 1.37 and a debt-to-equity ratio of 1.86. The company has a market cap of $8.22 billion, a PE ratio of 20.13 and a beta of 0.73. Weatherford International has a 1 year low of $55.81 and a 1 year high of $127.45.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.48. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Weatherford International had a return on equity of 56.68% and a net margin of 8.12%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS. On average, analysts predict that Weatherford International will post 6.74 EPS for the current year.

Insider Buying and Selling

In other news, CAO Desmond J. Mills sold 11,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,211 shares in the company, valued at $1,785,406.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Benjamin Duster sold 12,000 shares of Weatherford International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the transaction, the director now owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Desmond J. Mills sold 11,000 shares of Weatherford International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total value of $1,078,440.00. Following the transaction, the chief accounting officer now directly owns 18,211 shares in the company, valued at approximately $1,785,406.44. The disclosure for this sale can be found here. Insiders sold a total of 135,455 shares of company stock worth $13,628,764 in the last ninety days. 2.20% of the stock is owned by insiders.

Institutional Trading of Weatherford International

A number of hedge funds have recently bought and sold shares of WFRD. Geneos Wealth Management Inc. bought a new stake in shares of Weatherford International in the first quarter valued at $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Weatherford International in the 2nd quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Weatherford International in the 4th quarter valued at about $27,000. Quarry LP bought a new stake in shares of Weatherford International in the 1st quarter valued at about $28,000. Finally, Parallel Advisors LLC raised its position in 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 purchasing an additional 189 shares during the last quarter. 97.23% of the stock is currently 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.