Weatherford International (NASDAQ:WFRD) Price Target Cut to $147.00

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price objective lowered by research analysts at Barclays from $154.00 to $147.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 82.95% from the stock's previous close.

A number of other brokerages have also weighed in on WFRD. Evercore ISI reduced their price objective on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research report on Thursday. Benchmark reaffirmed a "buy" rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday. Raymond James cut their target price on shares of Weatherford International from $161.00 to $158.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 25th. Bank of America decreased their price target on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, Citigroup lowered their target price on Weatherford International from $155.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $144.88.

Weatherford International Price Performance

Shares of WFRD stock traded up $3.04 on Friday, reaching $80.35. The company had a trading volume of 1,717,474 shares, compared to its average volume of 911,263. The stock has a market capitalization of $5.88 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. The company has a quick ratio of 1.47, a current ratio of 1.99 and a debt-to-equity ratio of 1.31. Weatherford International has a one year low of $77.29 and a one year high of $135.00. The business's 50-day moving average is $93.88 and its 200 day moving average is $110.16.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.41. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.42 billion. Weatherford International had a net margin of 9.65% and a return on equity of 49.11%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. Equities research analysts forecast that Weatherford International will post 6.56 EPS for the current fiscal year.

Insider Transactions at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Weatherford International

Institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in Weatherford International during the first quarter worth $29,000. Fidelis Capital Partners LLC bought a new stake in shares of Weatherford International during the 1st quarter worth $33,000. nVerses Capital LLC purchased a new position in shares of Weatherford International in the 3rd quarter worth about $34,000. Fifth Third Bancorp raised its position in Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company's stock worth $44,000 after acquiring an additional 85 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Weatherford International by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company's stock valued at $44,000 after acquiring an additional 141 shares during the period. Institutional investors own 97.23% of the company's stock.

About Weatherford International

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.