Weatherford International plc (NASDAQ:WFRD) Announces Quarterly Dividend of $0.25

Weatherford International plc (NASDAQ:WFRD - Get Free Report) announced a quarterly dividend on Tuesday, April 22nd, RTT News reports. Shareholders of record on Tuesday, May 6th will be paid a dividend of 0.25 per share on Thursday, June 5th. This represents a $1.00 annualized dividend and a yield of 2.22%.

Weatherford International Trading Up 1.5 %

Shares of WFRD stock traded up $0.68 on Tuesday, hitting $44.97. The stock had a trading volume of 2,176,918 shares, compared to its average volume of 1,091,808. The firm has a market cap of $3.28 billion, a P/E ratio of 6.69, a PEG ratio of 1.65 and a beta of 0.70. Weatherford International has a twelve month low of $36.74 and a twelve month high of $135.00. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $53.96 and a two-hundred day moving average price of $69.18.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.10. Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. As a group, analysts forecast that Weatherford International will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the transaction, the chief financial officer now owns 21,072 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Scott C. Weatherholt sold 44,505 shares of the company'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 value of $2,944,895.85. Following the sale, the executive vice president now owns 125,019 shares in the company, valued at approximately $8,272,507.23. This represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,930 shares of company stock worth $5,861,718. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WFRD. Barclays lowered their price objective on shares of Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Raymond James dropped their price target on Weatherford International from $97.00 to $73.00 and set a "strong-buy" rating on the stock in a research note on Monday, April 14th. Benchmark reduced their price objective on Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, 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. Two research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.75.

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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