Analysts Set Weatherford International PLC (NASDAQ:WFRD) Target Price at $114.00

Shares of Weatherford International PLC (NASDAQ:WFRD) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $113.7778.

Several brokerages have issued reports on WFRD. Barclays cut their target price on Weatherford International from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Piper Sandler lifted their target price on shares of Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Raymond James Financial lowered their price target on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, Citigroup cut their price target on shares of Weatherford International from $137.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, June 26th.

Institutional Investors Weigh In On Weatherford International

Several institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its position in Weatherford International by 4.2% during the 4th quarter. TD Private Client Wealth LLC now owns 3,219 shares of the company’s stock worth $252,000 after acquiring an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Weatherford International by 24.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the company’s stock valued at $55,000 after purchasing an additional 137 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Weatherford International by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 4,914 shares of the company’s stock valued at $385,000 after purchasing an additional 146 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Weatherford International by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,851 shares of the company’s stock valued at $364,000 after purchasing an additional 151 shares during the period. Finally, CWM LLC grew its holdings in shares of Weatherford International by 2.3% in the fourth quarter. CWM LLC now owns 7,711 shares of the company’s stock worth $603,000 after purchasing an additional 170 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Weatherford International Stock Down 1.7%

Shares of NASDAQ:WFRD opened at $80.42 on Tuesday. The firm has a market capitalization of $5.77 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.73 and a current ratio of 2.31. Weatherford International has a 52-week low of $52.33 and a 52-week high of $113.15. The firm has a fifty day moving average of $95.97 and a 200 day moving average of $95.75.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.47. Weatherford International had a return on equity of 28.31% and a net margin of 9.49%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, research analysts anticipate that Weatherford International will post 6.01 EPS for the current fiscal year.

Weatherford International Company Profile

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.