Key Points
- Weatherford EVP Kristin Ruzicka sold 2,129 shares on Dec. 5 at an average price of $77.25 (≈$164,465), reducing her position by 11.96% to 15,673 shares; the transaction was disclosed in an SEC Form 4.
- Shares were trading up about 3.8%, opening at $80.10 and near a 52‑week high of $81.01, with a market capitalization of roughly $5.75 billion and a P/E of 14.51.
- Weatherford reported Q3 EPS of $1.12 (missing estimates by $0.03) and revenue down 12.6% year‑over‑year; it pays a $0.25 quarterly dividend (1.2% yield) and carries a MarketBeat consensus rating of Moderate Buy with a $87.90 target.
Weatherford International PLC (NASDAQ:WFRD - Get Free Report) EVP Kristin Ruzicka sold 2,129 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $77.25, for a total value of $164,465.25. Following the transaction, the executive vice president owned 15,673 shares of the company's stock, valued at $1,210,739.25. The trade was a 11.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Weatherford International Trading Up 3.8%
Shares of Weatherford International stock opened at $80.10 on Wednesday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 14.51 and a beta of 0.79. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $81.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 2.07. The stock's 50-day simple moving average is $70.70 and its 200 day simple moving average is $61.43.
Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by ($0.03). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Weatherford International had a return on equity of 28.28% and a net margin of 8.15%.Weatherford International's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 EPS. As a group, research analysts anticipate that Weatherford International PLC will post 5.89 EPS for the current year.
Weatherford International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.00 annualized dividend and a yield of 1.2%. Weatherford International's dividend payout ratio (DPR) is 18.12%.
Hedge Funds Weigh In On Weatherford International
Institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC purchased a new position in shares of Weatherford International during the third quarter worth about $26,000. Sound Income Strategies LLC bought a new stake in Weatherford International during the third quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC purchased a new position in Weatherford International in the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of Weatherford International by 83.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company's stock worth $28,000 after buying an additional 253 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Weatherford International by 69.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 584 shares of the company's stock valued at $29,000 after buying an additional 240 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WFRD shares. Piper Sandler boosted their target price on shares of Weatherford International from $79.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, October 23rd. Zacks Research upgraded Weatherford International from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Weatherford International in a report on Wednesday, October 8th. Melius started coverage on Weatherford International in a report on Wednesday, August 20th. They set a "buy" rating and a $108.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on shares of Weatherford International from $66.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Weatherford International currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.90.
Check Out Our Latest Research Report on Weatherford International
Weatherford International Company Profile
(
Get Free Report)
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.
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