Weatherford International (NASDAQ:WFRD) PT Raised to $151.00 at Evercore ISI

Weatherford International (NASDAQ:WFRD) had its price objective lifted by equities researchers at Evercore ISI from $130.00 to $151.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 18.00% from the company’s current price.

A number of other equities research analysts have also recently issued reports on WFRD. Piper Sandler upped their price objective on shares of Weatherford International from $138.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TheStreet raised shares of Weatherford International from a “c” rating to a “b” rating in a research note on Monday, March 11th. Raymond James upped their price objective on shares of Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 16th. Bank of America upped their price objective on shares of Weatherford International from $123.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $136.89.

Weatherford International Trading Up 3.5 %

Shares of Weatherford International stock opened at $127.97 on Thursday. Weatherford International has a 1 year low of $55.81 and a 1 year high of $129.70. The firm has a market cap of $9.25 billion, a PE ratio of 20.71, a PEG ratio of 0.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.72 and a quick ratio of 1.37. The company has a 50 day simple moving average of $113.86 and a two-hundred day simple moving average of $100.75.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. Analysts expect that Weatherford International will post 6.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Weatherford International

In other news, Director Benjamin Duster sold 12,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $96.98, for a total value of $1,163,760.00. Following the completion of the sale, the director now directly owns 12,801 shares of the company’s stock, valued at approximately $1,241,440.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Desmond J. Mills sold 11,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 18,211 shares of the company’s stock, valued at approximately $1,785,406.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin Duster sold 12,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The disclosure for this sale can be found here. Insiders sold 145,455 shares of company stock valued at $14,863,464 in the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Weatherford International by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,785,384 shares of the company’s stock worth $703,254,000 after purchasing an additional 120,401 shares during the period. Boston Partners increased its stake in shares of Weatherford International by 3.5% in the 4th quarter. Boston Partners now owns 2,282,581 shares of the company’s stock worth $223,127,000 after acquiring an additional 76,872 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Weatherford International by 4.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,646,650 shares of the company’s stock worth $148,742,000 after acquiring an additional 76,058 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Weatherford International by 5.2% in the 3rd quarter. American Century Companies Inc. now owns 1,340,602 shares of the company’s stock worth $121,097,000 after acquiring an additional 65,935 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Weatherford International by 17.6% in the 4th quarter. Jennison Associates LLC now owns 1,284,626 shares of the company’s stock worth $125,675,000 after acquiring an additional 191,855 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.