Weatherford International PLC (WFRD) To Go Ex-Dividend on August 6th

Weatherford International PLC (NASDAQ:WFRD) announced a quarterly dividend on Thursday, July 16th. Investors of record on Thursday, August 6th will be paid a dividend of 0.275 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th.

Weatherford International Trading Up 0.6%

Shares of NASDAQ:WFRD opened at $88.35 on Tuesday. The business’s 50-day moving average is $90.32 and its 200 day moving average is $95.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.34 and a quick ratio of 1.77. Weatherford International has a 1 year low of $52.70 and a 1 year high of $113.15. The firm has a market capitalization of $6.33 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.47 and a beta of 0.86.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.35). Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.87 EPS. Weatherford International’s revenue was down 8.2% compared to the same quarter last year. On average, research analysts predict that Weatherford International will post 5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WFRD has been the topic of a number of research reports. Wall Street Zen lowered Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Raymond James Financial decreased their target price on Weatherford International from $125.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, July 10th. UBS Group upgraded Weatherford International from a “neutral” rating to a “buy” rating and upped their target price for the company from $113.00 to $114.00 in a research report on Wednesday, July 29th. Barclays reduced their price target on shares of Weatherford International from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings cut shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

About Weatherford International

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.