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

Weatherford International plc (NASDAQ:WFRD) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.25 per share on Wednesday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, February 21st.

Weatherford International Trading Up 0.2 %

NASDAQ:WFRD opened at $65.36 on Friday. The company has a market capitalization of $4.75 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.35 and a beta of 0.61. The stock’s 50 day moving average price is $71.99 and its 200 day moving average price is $86.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. Weatherford International has a 52 week low of $60.45 and a 52 week high of $135.00.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.65% and a return on equity of 46.25%. On average, research analysts forecast that Weatherford International will post 6.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WFRD shares. Bank of America cut their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Citigroup decreased their price objective on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, December 20th. Barclays dropped their target price on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Piper Sandler assumed coverage on shares of Weatherford International in a report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price target for the company. Finally, Evercore ISI dropped their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Weatherford International currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.25.

Insider Transactions at Weatherford International

In other news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction dated Monday, January 6th. The shares were 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 in the company, valued at approximately $807,179.94. The trade was a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.