Weatherford International (NASDAQ:WFRD) Price Target Cut to $97.00 by Analysts at Raymond James

Weatherford International (NASDAQ:WFRD - Get Free Report) had its price target dropped by equities research analysts at Raymond James from $107.00 to $97.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James' price objective would indicate a potential upside of 42.34% from the company's previous close.

WFRD has been the subject of several other research reports. Bank of America lowered their price objective 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. Citigroup reduced their target price on 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 cut Weatherford International from a "buy" rating to a "neutral" rating and reduced their target price for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Benchmark reiterated a "buy" rating and set a $155.00 target price on shares of Weatherford International in a research note on Thursday, October 24th. Finally, 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 note on Thursday, October 24th. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.25.

Weatherford International Trading Up 0.4 %

Shares of NASDAQ WFRD traded up $0.25 on Friday, reaching $68.15. 553,373 shares of the company traded hands, compared to its average volume of 1,265,756. Weatherford International has a fifty-two week low of $60.45 and a fifty-two week high of $135.00. The company has a 50 day moving average of $71.36 and a 200 day moving average of $85.52. The company has a current ratio of 2.80, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $4.95 billion, a PE ratio of 10.14, a P/E/G ratio of 1.48 and a beta of 0.60.

Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (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%. On average, equities research analysts forecast that Weatherford International will post 6.14 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now directly owns 11,109 shares of the company's stock, valued at $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Arunava Mitra sold 10,000 shares of Weatherford International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.57, for a total value of $675,700.00. Following the transaction, the chief financial officer now directly owns 21,072 shares in the company, valued at approximately $1,423,835.04. The trade was a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,692 shares of company stock valued at $6,207,725. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after purchasing an additional 204 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Weatherford International by 364.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock valued at $30,000 after purchasing an additional 281 shares during the period. nVerses Capital LLC acquired a new position in shares of Weatherford International in the 3rd quarter valued at $34,000. R Squared Ltd acquired a new position in shares of Weatherford International in the 4th quarter valued at $36,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Weatherford International in the 3rd quarter valued at $42,000. 97.23% of the stock is 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.