Weatherford International (NASDAQ:WFRD) Director Jacqueline Mutschler Sells 4,094 Shares

Weatherford International PLC (NASDAQ:WFRD) Director Jacqueline Mutschler sold 4,094 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.50, for a total value of $370,507.00. Following the sale, the director owned 29,093 shares of the company’s stock, valued at $2,632,916.50. The trade was a 12.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Weatherford International Trading Down 1.8%

WFRD traded down $1.73 on Wednesday, reaching $92.70. 557,711 shares of the company’s stock were exchanged, compared to its average volume of 1,316,171. Weatherford International PLC has a twelve month low of $54.69 and a twelve month high of $113.15. The company’s 50 day moving average is $88.54 and its 200-day moving average is $95.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 2.34. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.55 and a beta of 0.87.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.35). Weatherford International had a net margin of 7.66% and a return on equity of 21.50%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm earned $1.87 earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis. Equities analysts predict that Weatherford International PLC will post 5.35 earnings per share for the current year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 6th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.10 annualized dividend and a dividend yield of 1.2%. Weatherford International’s payout ratio is presently 21.70%.

Institutional Investors Weigh In On Weatherford International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WFRD. Royal Bank of Canada grew its stake in shares of Weatherford International by 223.0% during the first quarter. Royal Bank of Canada now owns 122,662 shares of the company’s stock valued at $6,568,000 after acquiring an additional 84,684 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Weatherford International by 129.3% in the first quarter. Goldman Sachs Group Inc. now owns 143,703 shares of the company’s stock worth $7,695,000 after acquiring an additional 81,046 shares in the last quarter. United Services Automobile Association purchased a new position in Weatherford International in the first quarter valued at about $258,000. Cetera Investment Advisers boosted its holdings in Weatherford International by 26.8% in the second quarter. Cetera Investment Advisers now owns 12,764 shares of the company’s stock valued at $642,000 after purchasing an additional 2,695 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Weatherford International by 83.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler increased their price target on Weatherford International from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen cut Weatherford International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Zacks Research lowered Weatherford International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, UBS Group upgraded Weatherford International from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.00 to $114.00 in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.56.

About Weatherford International

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.