Barclays Cuts Weatherford International (NASDAQ:WFRD) Price Target to $154.00

Weatherford International (NASDAQ:WFRD) had its target price decreased by Barclays from $156.00 to $154.00 in a research report sent to investors on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms also recently commented on WFRD. Citigroup dropped their target price on Weatherford International from $137.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Raymond James Financial reduced their price target on Weatherford International from $125.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Piper Sandler upped their price objective on Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. UBS Group raised their price objective on shares of Weatherford International from $105.00 to $113.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Zacks Research lowered shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Weatherford International presently has an average rating of “Moderate Buy” and a consensus target price of $113.78.

Weatherford International Stock Up 0.3%

Shares of NASDAQ:WFRD opened at $80.70 on Thursday. Weatherford International has a 52-week low of $52.59 and a 52-week high of $113.15. The company has a market capitalization of $5.79 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.73 and a current ratio of 2.31. The company has a fifty day moving average of $95.54 and a 200-day moving average of $95.64.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.47. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.Weatherford International’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. On average, equities analysts predict that Weatherford International will post 5.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Insight Wealth Strategies LLC lifted its holdings in Weatherford International by 6.3% during the 2nd quarter. Insight Wealth Strategies LLC now owns 64,018 shares of the company’s stock worth $5,135,000 after buying an additional 3,797 shares during the period. Foster Group Inc. bought a new stake in shares of Weatherford International in the 2nd quarter valued at about $739,000. GAMMA Investing LLC increased its stake in shares of Weatherford International by 9.0% in the second quarter. GAMMA Investing LLC now owns 2,191 shares of the company’s stock valued at $179,000 after buying an additional 181 shares during the period. Amundi increased its stake in shares of Weatherford International by 89.8% in the first quarter. Amundi now owns 18,869 shares of the company’s stock valued at $1,785,000 after buying an additional 8,925 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Weatherford International by 32.8% during the first quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $88,000 after acquiring an additional 231 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

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.