Weatherford International plc (NASDAQ:WFRD) Receives $145.00 Average Target Price from Analysts

Shares of Weatherford International plc (NASDAQ:WFRD) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $145.00.

A number of research firms have recently commented on WFRD. TheStreet raised shares of Weatherford International from a “c” rating to a “b” rating in a research report on Monday, March 11th. Evercore ISI boosted their target price on shares of Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Raymond James lifted their price objective on Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Barclays increased their target price on Weatherford International from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Bank of America upped their price target on Weatherford International from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

Weatherford International Trading Down 0.1 %

NASDAQ:WFRD opened at $124.51 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.84. The company has a market capitalization of $9.11 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.88 and a beta of 0.71. The stock’s 50 day moving average price is $116.20 and its 200 day moving average price is $102.04. Weatherford International has a 52 week low of $55.81 and a 52 week high of $129.70.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. On average, research analysts forecast that Weatherford International will post 6.94 EPS for the current fiscal year.

Insider Activity at Weatherford International

In related news, CEO Girish Saligram sold 60,000 shares of Weatherford International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total value of $6,214,200.00. Following the sale, the chief executive officer now owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Weatherford International news, Director Benjamin Duster sold 12,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the sale, the director now directly owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Girish Saligram sold 60,000 shares of Weatherford International stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $103.57, for a total transaction of $6,214,200.00. Following the completion of the transaction, the chief executive officer now directly owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,455 shares of company stock valued at $14,863,464. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weatherford International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of Weatherford International by 107.2% during the 1st quarter. Sei Investments Co. now owns 23,527 shares of the company’s stock worth $2,715,000 after acquiring an additional 12,170 shares during the period. Lisanti Capital Growth LLC increased its holdings in shares of Weatherford International by 31.4% in the first quarter. Lisanti Capital Growth LLC now owns 70,970 shares of the company’s stock valued at $8,191,000 after purchasing an additional 16,945 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Weatherford International by 614.6% in the first quarter. SG Americas Securities LLC now owns 176,612 shares of the company’s stock valued at $20,385,000 after purchasing an additional 151,897 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Weatherford International during the 1st quarter worth about $206,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Weatherford International by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 63,290 shares of the company’s stock worth $7,305,000 after buying an additional 998 shares during the period. Institutional investors own 97.23% of the company’s stock.

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.