Intrust Bank NA Purchases Shares of 3,232 Weatherford International plc (NASDAQ:WFRD)

Intrust Bank NA purchased a new stake in Weatherford International plc (NASDAQ:WFRD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,232 shares of the company’s stock, valued at approximately $316,000.

Several other large investors also recently made changes to their positions in WFRD. McGlone Suttner Wealth Management Inc. bought a new stake in Weatherford International in the 4th quarter valued at approximately $27,000. Huntington National Bank acquired a new position in Weatherford International during the third quarter worth $30,000. CWM LLC increased its stake in Weatherford International by 145.7% in the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $31,000 after buying an additional 185 shares during the last quarter. NBC Securities Inc. bought a new stake in Weatherford International during the 3rd quarter worth about $37,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Weatherford International during the 3rd quarter worth about $37,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WFRD shares. Piper Sandler increased their price target on Weatherford International from $180.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Barclays upped their price target on shares of Weatherford International from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Raymond James lifted their price objective on shares of Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Bank of America boosted their price objective on shares of Weatherford International from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday. Finally, TheStreet upgraded shares of Weatherford International from a “c” rating to a “b” rating in a research note on Monday, March 11th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Weatherford International currently has a consensus rating of “Buy” and an average target price of $145.00.

Weatherford International Stock Performance

NASDAQ WFRD opened at $118.85 on Thursday. The stock has a market cap of $8.69 billion, a PE ratio of 19.23, a P/E/G ratio of 0.89 and a beta of 0.71. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a 50-day moving average of $114.87 and a 200-day moving average of $101.29. Weatherford International plc has a 52-week low of $55.81 and a 52-week high of $129.70.

Weatherford International (NASDAQ:WFRD) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, sell-side analysts anticipate that Weatherford International plc will post 6.94 EPS for the current year.

Insider Buying and Selling at Weatherford International

In other news, CAO Desmond J. Mills sold 11,000 shares of Weatherford International stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the completion of the sale, the chief accounting officer now owns 18,211 shares of the company’s stock, valued at $1,785,406.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Desmond J. Mills sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the transaction, the chief accounting officer now directly owns 18,211 shares of the company’s stock, valued at $1,785,406.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles M. Sledge sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the sale, the director now owns 32,729 shares of the company’s stock, valued at $4,041,049.63. The disclosure for this sale can be found here. Insiders have sold a total of 145,455 shares of company stock valued at $14,863,464 in the last ninety days. 2.20% of the stock is currently owned by corporate 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.