Weatherford International (NASDAQ:WFRD) Sets New 52-Week Low - Should You Sell?

Weatherford International plc (NASDAQ:WFRD - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $66.03 and last traded at $65.67, with a volume of 274261 shares trading hands. The stock had previously closed at $68.86.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore ISI decreased their price target on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Citigroup lowered 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. Benchmark reaffirmed a "buy" rating and issued a $155.00 price target on shares of Weatherford International in a research note on Thursday, October 24th. The Goldman Sachs Group lowered Weatherford International from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Bank of America reduced their target price on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $121.25.

Weatherford International Stock Down 2.6 %

The company has a market capitalization of $4.57 billion, a PE ratio of 8.84, a P/E/G ratio of 1.41 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The company's 50-day moving average is $73.43 and its 200 day moving average is $88.42.

Insider Activity at Weatherford International

In other Weatherford International news, EVP David John Reed sold 4,762 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total transaction of $346,006.92. Following the transaction, the executive vice president now owns 11,109 shares in the company, valued at approximately $807,179.94. This represents a 30.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the transaction, the executive vice president now owns 125,019 shares in the company, valued at approximately $8,272,507.23. This trade represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional Trading of Weatherford International

Several large investors have recently added to or reduced their stakes in WFRD. GAMMA Investing LLC boosted its stake in shares of Weatherford International by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company's stock worth $44,000 after acquiring an additional 141 shares during the last quarter. KBC Group NV lifted its position in Weatherford International by 10.4% during the third quarter. KBC Group NV now owns 1,945 shares of the company's stock valued at $165,000 after purchasing an additional 184 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Weatherford International by 7.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,997 shares of the company's stock valued at $255,000 after purchasing an additional 203 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Weatherford International by 4.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 5,293 shares of the company's stock worth $648,000 after buying an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock worth $30,000 after buying an additional 281 shares during the period. 97.23% of the stock is currently owned by institutional investors.

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.