Weatherford International (NASDAQ:WFRD) Hits New 52-Week Low - Time to Sell?

Weatherford International plc (NASDAQ:WFRD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $52.08 and last traded at $51.64, with a volume of 239679 shares trading hands. The stock had previously closed at $56.11.

Wall Street Analysts Forecast Growth

WFRD has been the topic of several research analyst reports. Barclays dropped their price target on Weatherford International from $100.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group downgraded Weatherford International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Piper Sandler dropped their price target 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. Raymond James dropped their price target on Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating on the stock in a research note on Friday, February 7th. Finally, Citigroup dropped their price target on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $107.63.

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Weatherford International Stock Down 2.5 %

The company has a market cap of $3.81 billion, a PE ratio of 7.79, a P/E/G ratio of 1.65 and a beta of 0.61. The business has a 50-day simple moving average of $66.46 and a 200-day simple moving average of $78.70. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its earnings results 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 net margin of 9.18% and a return on equity of 40.65%. Equities research analysts anticipate that Weatherford International plc will post 5.89 EPS for the current year.

Weatherford International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. Weatherford International's payout ratio is currently 14.88%.

Insider Activity at Weatherford International

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value of $2,944,895.85. Following the completion of the sale, the executive vice president now owns 125,019 shares of the company's stock, valued at approximately $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David John Reed sold 4,762 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the sale, the executive vice president now directly owns 11,109 shares of the company's stock, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,692 shares of company stock valued at $6,207,725. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in Weatherford International by 364.9% in the third 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. Lindbrook Capital LLC grew its stake in shares of Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Huntington National Bank grew its stake in shares of Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after buying an additional 257 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Weatherford International in the fourth quarter valued at $29,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International in the third quarter valued at $42,000. Hedge funds and other 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.