Cambridge Investment Research Advisors Inc. Has $419,000 Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Cambridge Investment Research Advisors Inc. raised its stake in shares of Weatherford International plc (NASDAQ:WFRD – Get Rating) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,983 shares of the company’s stock after purchasing an additional 2,541 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Weatherford International were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WFRD. Geneos Wealth Management Inc. acquired a new stake in Weatherford International during the first quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in Weatherford International during the second quarter valued at approximately $25,000. Spartan Fund Management Inc. acquired a new stake in Weatherford International during the second quarter valued at approximately $148,000. UBS Group AG boosted its holdings in Weatherford International by 83.6% during the first quarter. UBS Group AG now owns 5,985 shares of the company’s stock valued at $199,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Weatherford International during the first quarter valued at approximately $207,000. 95.24% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Performance

WFRD stock opened at $52.50 on Thursday. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.21 and a quick ratio of 1.69. The company has a 50 day moving average price of $45.00 and a 200 day moving average price of $33.65. Weatherford International plc has a fifty-two week low of $16.96 and a fifty-two week high of $52.64. The stock has a market capitalization of $3.71 billion, a PE ratio of -17.68 and a beta of 0.98.

Weatherford International (NASDAQ:WFRD – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.25). The firm had revenue of $1.12 billion during the quarter. Weatherford International had a negative return on equity of 13.58% and a negative net margin of 5.06%. Analysts forecast that Weatherford International plc will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on WFRD. The Goldman Sachs Group lifted their target price on shares of Weatherford International from $38.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Piper Sandler lifted their target price on shares of Weatherford International from $57.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Weatherford International from $49.00 to $54.00 in a research note on Thursday, October 27th.

About Weatherford International

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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 in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services.