Weatherford International plc (NASDAQ:WFRD) EVP Sells $929,740.00 in Stock

Weatherford International plc (NASDAQ:WFRD) EVP Depinder Sandhu sold 14,000 shares of Weatherford International stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $66.41, for a total value of $929,740.00. Following the completion of the transaction, the executive vice president now directly owns 8,892 shares of the company’s stock, valued at $590,517.72. This represents a 61.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weatherford International Stock Up 1.6 %

Shares of NASDAQ:WFRD opened at $67.90 on Tuesday. The company has a 50 day moving average price of $71.36 and a two-hundred day moving average price of $85.52. The company has a market capitalization of $4.93 billion, a PE ratio of 10.10, a PEG ratio of 1.48 and a beta of 0.60. Weatherford International plc has a 52 week low of $60.45 and a 52 week high of $135.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Analysts forecast that Weatherford International plc will post 6.14 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 1.47%. Weatherford International’s dividend payout ratio (DPR) is currently 14.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of Weatherford International by 364.9% during the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Lindbrook Capital LLC raised its stake in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 204 shares during the period. nVerses Capital LLC bought a new stake in shares of Weatherford International in the third quarter valued at about $34,000. Millburn Ridgefield Corp acquired a new position in shares of Weatherford International during the third quarter worth about $42,000. Finally, R Squared Ltd bought a new position in shares of Weatherford International during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WFRD shares. Evercore ISI dropped their target price on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Raymond James reduced their price objective on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a report on Friday. Barclays lowered their target price on Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Piper Sandler decreased their price target on Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average target price of $109.25.

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.