According to the most recent Form 13F filing with the Securities and Exchange Commission, Wilbanks Smith & Thomas Asset Management LLC increased its holdings in Weatherford International plc (NASDAQ: WFRD). This information was provided by the company (SEC). To accomplish this, the institutional investor put a total of $282,000 into purchasing 8,729 shares of the company’s stock. The transaction was documented as having no value whatsoever.
Recent months have seen several other large investors make adjustments to the holdings that WFRD holds. During the first three months of the year, Geneos Wealth Management Inc. purchased shares in Weatherford International for a total value of $25,000, which resulted in the company acquiring a new stake. Point72 Hong Kong Ltd. acquired an additional position in Weatherford International during the second quarter for approximately $25,000. Allspring Global Investments Holdings LLC initiated a new position in Weatherford International during the third quarter by purchasing approximately 109,000 dollars worth of shares. UBS Group AG’s holdings in Weatherford International increased 83.6% during the year’s first three months due to the company’s investments. UBS Group AG now has a total ownership stake equal to 5,985 shares for a total of $199,000 after purchasing an additional 2,725 shares during the most recent quarter. This brings the total amount of money invested in the company to $199,000. In addition, HSBC Holdings PLC made a new investment in Weatherford International during the first three months of the year, purchasing a stake in the company that was estimated to be worth approximately $207,000. The company’s shares are held collectively by hedge funds and other types of institutional investors to the extent of 95.24 percent.
Most of the most recent analyst reports have concentrated their attention on WFRD. On Wednesday, November 2nd, Goldman Sachs Group upgraded Weatherford International from a “hold” rating to a “buy” rating and raised their price target for the company’s shares from $38.00 to $53.00. This move was in conjunction with the firm’s raising its price target for the company’s shares. In a research report released on Friday, November 18th, Piper Jaffray increased its target price for Weatherford International from $57.00 to $70.00, giving the stock an “overweight” rating. Deutsche Bank Aktiengesellschaft, in a research note that was published on Thursday, October 27th, increased the price objective it had previously established for Weatherford International, moving it up from $49.00 to $54.00. The increase came after the bank set the objective at $49.00.
On Friday, the price of a share of WFRD stock was set at $54.64 when trading began. The lowest price that the stock of Weatherford International plc has been in the past year is $16.96, while the highest price that the stock has been in the past year is $55.36. The quick ratio of the company is 1.69, the current ratio is 2.21, and the company’s debt-to-equity ratio is 5.01. All of these metrics are considered financial ratios. The stock price has had a moving average of $33.79 for the past 200 days. According to the indicator, the stock’s price over the past 50 days has been at an average of $45.24. The company’s market capitalization is currently sitting at $3.86 billion, its price-to-earnings ratio is negative -18.40, and its beta value is 0.98.
Tuesday, October 25, was the day on which Weatherford International (NASDAQ: WFRD) disclosed to the general public its most recent quarterly earnings report. The company’s earnings per share for the quarter came in at $0.40, which was $0.25 less than the consensus estimate of $0.65 provided by industry analysts. The sum in question represents the total revenue that the company generated over the relevant period. In their financial statements, Weatherford International revealed a negative return on equity of 13.58% and a negative net margin of 5.06%. Sell-side analysts have projected that Weatherford International plc will generate profits of 0.3 cents per share during the current fiscal year.
To facilitate drilling, assessing, completing, producing, and intervening in oil, geothermal, and natural gas wells located all over the world, Weatherford International plc provides the necessary equipment and services. The company is organized into two distinct divisions, one for each hemisphere: western and eastern. These divisions operate independently from one another. In addition to pressure pumping and reservoir stimulation services such as acidizing, fracturing, cementing, and coiled-tubing intervention, it offers drill stem test tools, surfaces well testing, and multiphase flow measurement. In addition, it offers drill stem testing tools. In addition, it offers a variety of lift systems, including reciprocating rods, progressive cavity pumping, gas, hydraulic, plungers, and hybrid lifts, in addition to the associated automation and control systems.
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