Weatherford International (NASDAQ:WFRD) Now Covered by Analysts at UBS Group

UBS Group initiated coverage on shares of Weatherford International (NASDAQ:WFRD) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $82.00 price objective on the stock.

Several other analysts have also issued reports on WFRD. Zacks Research upgraded Weatherford International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. BMO Capital Markets assumed coverage on Weatherford International in a report on Friday, October 10th. They set an “outperform” rating and a $82.00 target price on the stock. Melius Research started coverage on Weatherford International in a report on Wednesday, August 20th. They set a “buy” rating and a $108.00 price target for the company. Barclays lifted their price objective on shares of Weatherford International from $73.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, Piper Sandler increased their price objective on shares of Weatherford International from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Weatherford International presently has an average rating of “Moderate Buy” and an average price target of $87.90.

Weatherford International Stock Performance

NASDAQ WFRD opened at $74.18 on Tuesday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average price is $69.79 and its two-hundred day moving average price is $60.33. Weatherford International has a 1 year low of $36.74 and a 1 year high of $86.64.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a net margin of 8.15% and a return on equity of 28.28%. The business’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the business earned $2.06 EPS. As a group, research analysts anticipate that Weatherford International will post 5.89 EPS for the current year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 6th. Weatherford International’s payout ratio is presently 18.12%.

Institutional Trading of Weatherford International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Weatherford International by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,050,495 shares of the company’s stock worth $431,104,000 after purchasing an additional 347,584 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Weatherford International by 1.8% in the third quarter. Capital Research Global Investors now owns 5,673,603 shares of the company’s stock valued at $388,245,000 after buying an additional 98,663 shares during the period. Holocene Advisors LP grew its position in Weatherford International by 712.8% during the second quarter. Holocene Advisors LP now owns 1,646,034 shares of the company’s stock worth $82,812,000 after buying an additional 1,443,512 shares in the last quarter. First Trust Advisors LP increased its stake in Weatherford International by 43.5% during the 3rd quarter. First Trust Advisors LP now owns 1,572,422 shares of the company’s stock worth $107,601,000 after acquiring an additional 476,575 shares during the period. Finally, Invesco Ltd. raised its holdings in Weatherford International by 2.0% in the 1st quarter. Invesco Ltd. now owns 1,485,746 shares of the company’s stock valued at $79,562,000 after acquiring an additional 29,840 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Company Profile

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.