Weatherford International (WFRD) Projected to Post Earnings on Wednesday

Weatherford International (NASDAQ:WFRD - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $1.37 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Weatherford International Stock Down 0.7 %

WFRD traded down $0.45 on Wednesday, reaching $65.74. 965,131 shares of the company traded hands, compared to its average volume of 1,059,352. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. Weatherford International has a 52-week low of $65.41 and a 52-week high of $135.00. The stock's 50 day moving average price is $74.30 and its 200-day moving average price is $89.40. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.52 and a beta of 0.64.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler assumed coverage on Weatherford International in a report on Thursday, December 19th. They issued a "neutral" rating and a $87.00 target price on the stock. Barclays reduced their price target on shares of Weatherford International from $147.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered Weatherford International from a "buy" rating to a "neutral" rating and dropped their target price for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Citigroup reduced their price target on Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Benchmark reiterated a "buy" rating and set a $155.00 price objective on shares of Weatherford International in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.25.

Insider Buying and Selling

In other Weatherford International news, EVP David John Reed sold 4,762 shares of the business'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 in the company, valued at $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

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.