10,000 Shares in Weatherford International PLC $WFRD Acquired by Militia Capital Management LLC

Militia Capital Management LLC purchased a new position in shares of Weatherford International PLC (NASDAQ:WFRDFree Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $946,000.

A number of other hedge funds also recently made changes to their positions in WFRD. Smartleaf Asset Management LLC grew its stake in shares of Weatherford International by 127.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 318 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the period. Los Angeles Capital Management LLC acquired a new position in Weatherford International in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its holdings in Weatherford International by 83.5% in the second quarter. EverSource Wealth Advisors LLC now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 253 shares during the last quarter. Leonteq Securities AG purchased a new stake in Weatherford International during the fourth quarter valued at about $39,000. Finally, Johnson Financial Group Inc. acquired a new stake in Weatherford International during the third quarter worth about $52,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

More Weatherford International News

Here are the key news stories impacting Weatherford International this week:

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WFRD shares. Piper Sandler raised their price objective on Weatherford International from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen cut Weatherford International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings downgraded shares of Weatherford International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Zacks Research lowered shares of Weatherford International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial reduced their price target on shares of Weatherford International from $125.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.78.

View Our Latest Analysis on WFRD

Weatherford International Price Performance

WFRD stock opened at $85.60 on Friday. The firm has a market cap of $6.14 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.73 and a current ratio of 3.41. Weatherford International PLC has a 1 year low of $52.70 and a 1 year high of $113.15. The stock has a 50-day simple moving average of $93.66 and a 200-day simple moving average of $95.89.

Weatherford International (NASDAQ:WFRDGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.35). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Weatherford International had a return on equity of 21.50% and a net margin of 7.66%.The business’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. On average, equities analysts predict that Weatherford International PLC will post 5.9 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. Weatherford International’s dividend payout ratio (DPR) is currently 21.70%.

Weatherford International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weatherford International (NASDAQ:WFRD)

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