Royal Bank of Canada reaffirmed their buy rating on shares of Schlumberger (NYSE:SLB) in a report released on Sunday, January 21st. Royal Bank of Canada currently has a $85.00 target price on the oil and gas company’s stock.
A number of other research analysts have also recently commented on SLB. Jefferies Group restated a buy rating and issued a $80.00 price target on shares of Schlumberger in a research report on Friday, September 29th. Loop Capital decreased their price target on Schlumberger from $80.00 to $75.00 and set a buy rating on the stock in a research report on Thursday, October 26th. SunTrust Banks restated a hold rating on shares of Schlumberger in a research report on Tuesday, October 31st. Zacks Investment Research cut Schlumberger from a hold rating to a sell rating in a research report on Wednesday, November 1st. Finally, Cowen set a $80.00 price target on Schlumberger and gave the stock a buy rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $82.29.
Schlumberger (SLB) traded down $0.05 during mid-day trading on Friday, reaching $65.87. The company’s stock had a trading volume of 12,979,909 shares, compared to its average volume of 10,240,000. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company has a market cap of $91,250.00, a PE ratio of -60.43, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. Schlumberger has a 1 year low of $61.02 and a 1 year high of $82.69.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. equities research analysts expect that Schlumberger will post 2.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -183.49%.
In related news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Harding Loevner LP increased its holdings in Schlumberger by 1,337.3% in 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 purchasing an additional 129,289,552 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Schlumberger by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after purchasing an additional 8,167,945 shares in the last quarter. Dodge & Cox increased its holdings 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 worth $3,178,193,000 after purchasing an additional 5,494,165 shares in the last quarter. Capital International Investors increased its holdings in Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after purchasing an additional 4,294,058 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Schlumberger by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors.
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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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