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

Weatherford International PLC (NASDAQ:WFRD) declared a quarterly dividend on Thursday, April 16th. Investors of record on Wednesday, May 6th will be given a dividend of 0.275 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, May 6th.

Weatherford International Stock Performance

WFRD opened at $109.49 on Monday. Weatherford International has a fifty-two week low of $42.57 and a fifty-two week high of $112.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.31 and a quick ratio of 1.73. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.30 and a beta of 0.87. The company’s 50 day moving average price is $97.88 and its two-hundred day moving average price is $87.25.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Tuesday, April 21st. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.47. Weatherford International had a net margin of 9.49% and a return on equity of 28.31%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts predict that Weatherford International will post 5.97 earnings per share for the current year.

Analyst Ratings Changes

WFRD has been the topic of a number of research reports. Wall Street Zen lowered shares of Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler boosted their target price on shares of Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. UBS Group boosted their target price on shares of Weatherford International from $105.00 to $113.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Citigroup boosted their target price on shares of Weatherford International from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Barclays reduced their target price on shares of Weatherford International from $114.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.22.

Weatherford International Company Profile

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.