Schlumberger Limited. (SLB) Receives Average Rating of “Buy” from Analysts

Shares of Schlumberger Limited. (NYSE:SLB) have received a consensus rating of “Buy” from the thirty-seven research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $81.88.

A number of brokerages have commented on SLB. Cowen set a $85.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Griffin Securities raised Schlumberger from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Barclays set a $75.00 price target on Schlumberger and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Finally, SunTrust Banks increased their price target on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd.

Schlumberger (NYSE:SLB) opened at $66.28 on Tuesday. The company has a market capitalization of $91,820.00, a price-to-earnings ratio of -60.81, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. Schlumberger has a 12-month low of $61.02 and a 12-month high of $82.69.

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 Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. equities research analysts predict that Schlumberger will post 2.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is presently -183.49%.

In other Schlumberger news, 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 completion of the transaction, the chief financial officer now owns 138,827 shares in the company, 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 stock in a transaction dated 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 transaction, the insider now owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Comprehensive Portfolio Management LLC bought a new position in Schlumberger during the 2nd quarter worth about $885,000. Meyer Handelman Co. increased its holdings in Schlumberger by 12.3% during the 3rd quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after purchasing an additional 25,494 shares in the last quarter. WFG Advisors LP increased its holdings in Schlumberger by 51.5% during the 2nd quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after purchasing an additional 3,853 shares in the last quarter. Denver Investment Advisors LLC grew its holdings in shares of Schlumberger by 5.8% in the 2nd quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after acquiring an additional 8,817 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Schlumberger in the 2nd quarter valued at about $14,156,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

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Schlumberger Company Profile

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.

Analyst Recommendations for Schlumberger (NYSE:SLB)

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