Jefferies Group set a $78.00 price objective on Schlumberger (NYSE:SLB) in a report released on Thursday, January 4th. The firm currently has a buy rating on the oil and gas company’s stock. Jefferies Group also issued estimates for Schlumberger’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.44 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.10 EPS.
Several other research firms have also weighed in on SLB. Loop Capital cut their target price on shares of Schlumberger from $80.00 to $75.00 and set a buy rating for the company in a report on Thursday, October 26th. Scotiabank set a $80.00 target price on shares of Schlumberger and gave the company a buy rating in a report on Saturday, October 21st. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the stock a buy rating in a report on Saturday, October 7th. Citigroup boosted their price target on shares of Schlumberger from $77.00 to $80.00 and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Deutsche Bank initiated coverage on shares of Schlumberger in a report on Tuesday, October 10th. They issued a buy rating and a $78.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger currently has a consensus rating of Buy and an average price target of $82.29.
Shares of Schlumberger (NYSE SLB) opened at $74.54 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger has a 12 month low of $61.02 and a 12 month high of $84.44. The company has a market cap of $103,260.00, a P/E ratio of -68.39, a price-to-earnings-growth ratio of 5.90 and a beta of 1.01.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 27.77% and a negative return on equity of 23.66%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. equities research analysts predict that Schlumberger will post 2.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.68%. Schlumberger’s payout ratio is currently -183.49%.
In other Schlumberger news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Simon Ayat sold 75,000 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Harding Loevner LP increased its stake in shares of Schlumberger by 1,337.3% during the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares during the period. Vanguard Group Inc. increased its stake in Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after purchasing an additional 2,790,227 shares during the last quarter. Dodge & Cox increased its stake in Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after purchasing an additional 5,494,165 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Schlumberger by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 25,620,279 shares of the oil and gas company’s stock valued at $1,787,272,000 after purchasing an additional 548,250 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Schlumberger by 2.9% in the second quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after purchasing an additional 536,928 shares during the last quarter. Hedge funds and other institutional investors own 79.30% of the company’s stock.
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Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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