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

Weatherford International plc (NASDAQ:WFRD) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.25 per share on Wednesday, March 19th. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, February 21st.

Weatherford International Price Performance

NASDAQ WFRD opened at $72.22 on Wednesday. The company has a market capitalization of $5.26 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. The business’s fifty day moving average is $70.12 and its 200 day moving average is $83.68. Weatherford International has a fifty-two week low of $60.45 and a fifty-two week high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Sell-side analysts predict that Weatherford International will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Weatherford International news, EVP David John Reed sold 4,762 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the sale, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Desmond J. Mills sold 19,425 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.51, for a total value of $1,311,381.75. Following the sale, the chief accounting officer now directly owns 17,899 shares in the company, valued at $1,208,361.49. The trade was a 52.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock valued at $6,207,725 over the last ninety days. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WFRD shares. Raymond James lowered their price objective on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Evercore ISI lowered their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark lowered their price objective on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup lowered their price objective on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Piper Sandler reduced their target price on Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weatherford International presently has an average rating of “Moderate Buy” and a consensus price target of $107.63.

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.