Weatherford International (NASDAQ:WFRD) Releases Earnings Results, Beats Expectations By $0.10 EPS

Weatherford International (NASDAQ:WFRD - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.93 by $0.10, Zacks reports. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%.

Weatherford International Price Performance

NASDAQ WFRD traded up $0.68 during trading hours on Tuesday, hitting $44.97. 2,176,918 shares of the company's stock traded hands, compared to its average volume of 1,091,807. The company has a market capitalization of $3.28 billion, a PE ratio of 6.69, a PEG ratio of 1.65 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. Weatherford International has a 52-week low of $36.74 and a 52-week high of $135.00. The firm's 50-day moving average is $53.96 and its 200-day moving average is $69.18.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, May 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. Weatherford International's dividend payout ratio is currently 14.88%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WFRD shares. Barclays lowered their price objective on Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Piper Sandler dropped their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Raymond James lowered their price target on Weatherford International from $97.00 to $73.00 and set a "strong-buy" rating on the stock in a research report on Monday, April 14th. Finally, Benchmark reduced their target price on Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $103.75.

Insider Transactions at Weatherford International

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of the business's stock in a transaction dated Friday, February 7th. The shares were 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 $1,423,835.04. The trade was a 32.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the sale, the executive vice president now owns 125,019 shares of the company's stock, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,930 shares of company stock worth $5,861,718 in the last ninety days. Insiders own 1.60% 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.

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