News coverage about Schlumberger (NYSE:SLB) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Schlumberger earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.4728380963125 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
Several research analysts recently issued reports on the stock. SunTrust Banks upped their target price on shares of Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Barclays set a $75.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $82.00 price objective (up from $77.00) on shares of Schlumberger in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $82.29.
Shares of Schlumberger (NYSE SLB) opened at $73.69 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The company has a market cap of $102,080.00, a price-to-earnings ratio of -67.61, a PEG ratio of 5.74 and a beta of 0.98. Schlumberger has a 52-week low of $61.02 and a 52-week high of $83.21.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same period in the previous year, the firm posted $0.27 EPS. Schlumberger’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts anticipate that Schlumberger will post 2.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. Schlumberger’s payout ratio is currently -183.49%.
In related news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
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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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