Barclays Has Lowered Expectations for Weatherford International (NASDAQ:WFRD) Stock Price

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price objective reduced by investment analysts at Barclays from $92.00 to $85.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 120.39% from the company's previous close.

Several other equities analysts have also issued reports on the company. Piper Sandler cut their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Benchmark reduced their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Citigroup lowered their target price on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group downgraded Weatherford International from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Raymond James lowered their price objective on Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.75.

Weatherford International Stock Down 15.1 %

Weatherford International stock traded down $6.84 during midday trading on Monday, hitting $38.57. 1,881,458 shares of the company's stock were exchanged, compared to its average volume of 1,033,769. Weatherford International has a 12 month low of $37.00 and a 12 month high of $135.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market cap of $2.81 billion, a PE ratio of 5.74, a P/E/G ratio of 1.65 and a beta of 0.61. The firm has a 50-day moving average of $60.46 and a two-hundred day moving average of $73.92.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. As a group, analysts expect that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Weatherford International news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total transaction of $346,006.92. Following the completion of the sale, the executive vice president now directly owns 11,109 shares in the company, valued at approximately $807,179.94. The trade was a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Arunava Mitra sold 10,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the sale, the chief financial officer now directly owns 21,072 shares in the company, valued at $1,423,835.04. This trade represents a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,692 shares of company stock valued at $6,207,725. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WFRD. Mattson Financial Services LLC acquired a new position in shares of Weatherford International in the 4th quarter valued at about $73,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Weatherford International in the fourth quarter worth about $338,000. Jefferies Financial Group Inc. purchased a new stake in shares of Weatherford International during the 4th quarter worth about $1,077,000. Mackenzie Financial Corp purchased a new position in shares of Weatherford International in the 4th quarter valued at about $1,074,000. Finally, Michels Family Financial LLC acquired a new position in Weatherford International in the 4th quarter worth about $485,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.