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

Weatherford International plc (NASDAQ:WFRD) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Wednesday, November 6th will be given a dividend of 0.25 per share on Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 6th.

Weatherford International Price Performance

WFRD stock opened at $79.79 on Tuesday. Weatherford International has a 1 year low of $77.00 and a 1 year high of $135.00. The firm has a market cap of $5.80 billion, a P/E ratio of 11.21, a PEG ratio of 0.77 and a beta of 0.60. The stock’s 50 day moving average price is $90.09 and its 200 day moving average price is $108.19. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.66 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Weatherford International will post 6.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Weatherford International

In related news, CAO Desmond J. Mills sold 6,531 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now directly owns 11,680 shares of the company’s stock, valued at approximately $932,764.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Desmond J. Mills sold 6,531 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now directly owns 11,680 shares in the company, valued at $932,764.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

WFRD has been the subject of a number of research reports. Evercore ISI decreased their target price on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays dropped their price target on Weatherford International from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Bank of America lowered their price target on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Citigroup decreased their price objective on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, Raymond James decreased their price target on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $144.88.

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.