Weatherford International plc (WFRD) To Go Ex-Dividend on November 6th

Weatherford International plc (NASDAQ:WFRD) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Wednesday, November 6th will be paid a dividend of 0.25 per share on Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 6th.

Weatherford International Stock Performance

Shares of NASDAQ:WFRD opened at $81.16 on Thursday. Weatherford International has a 1 year low of $80.54 and a 1 year high of $135.00. The firm has a market capitalization of $5.94 billion, a PE ratio of 11.40, a P/E/G ratio of 0.86 and a beta of 0.58. The business’s 50 day moving average price is $94.51 and its 200-day moving average price is $110.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47.

Weatherford International (NASDAQ:WFRD) last issued its earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.41. Weatherford International had a return on equity of 49.11% and a net margin of 9.65%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $1.66 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Weatherford International will post 6.56 earnings per share for the current fiscal year.

Insider Transactions at Weatherford International

In related news, EVP David John Reed sold 6,805 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WFRD shares. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a research note on Wednesday, July 24th. Bank of America dropped their price objective on shares of Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 14th. Citigroup lowered their target price on Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Raymond James dropped their price objective on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays decreased their price objective on shares of Weatherford International from $165.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Weatherford International has an average rating of “Buy” and an average price target of $146.88.

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.