Weatherford International (WFRD) Scheduled to Post Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRDGet Free Report) is set to announce its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Weatherford International Price Performance

Shares of NASDAQ:WFRD opened at $84.84 on Tuesday. Weatherford International has a one year low of $51.46 and a one year high of $102.64. The stock has a fifty day moving average of $92.77 and a 200-day moving average of $91.16. The company has a market capitalization of $6.12 billion, a PE ratio of 17.90 and a beta of 0.70. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.41 and a current ratio of 1.86.

Insider Buying and Selling

In related news, EVP Joseph H. Mongrain sold 17,071 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $89.91, for a total transaction of $1,534,853.61. Following the completion of the sale, the executive vice president now directly owns 30,483 shares in the company, valued at $2,740,726.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weatherford International

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Weatherford International by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the company’s stock valued at $1,900,000 after purchasing an additional 178 shares during the last quarter. Toroso Investments LLC grew its position in shares of Weatherford International by 5.1% in the third quarter. Toroso Investments LLC now owns 5,165 shares of the company’s stock valued at $467,000 after purchasing an additional 250 shares during the last quarter. Legal & General Group Plc grew its position in Weatherford International by 31.8% during the third quarter. Legal & General Group Plc now owns 1,141 shares of the company’s stock worth $106,000 after buying an additional 275 shares in the last quarter. US Bancorp DE grew its position in Weatherford International by 343.9% during the second quarter. US Bancorp DE now owns 546 shares of the company’s stock worth $36,000 after buying an additional 423 shares in the last quarter. Finally, Quarry LP acquired a new stake in Weatherford International during the first quarter worth about $28,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WFRD shares. TheStreet upgraded Weatherford International from a “c” rating to a “b-” rating in a research report on Tuesday, November 28th. The Goldman Sachs Group increased their price objective on Weatherford International from $101.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Raymond James increased their target price on Weatherford International from $110.00 to $127.00 and gave the company a “strong-buy” rating in a report on Thursday, October 26th. Piper Sandler increased their target price on Weatherford International from $116.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, Bank of America started coverage on Weatherford International in a report on Friday, November 10th. They issued a “buy” rating and a $120.00 target price for the company. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weatherford International currently has an average rating of “Buy” and an average price target of $111.50.

Read Our Latest Research Report on WFRD

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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Earnings History for Weatherford International (NASDAQ:WFRD)

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