Schlumberger Limited. (NYSE:SLB) has been assigned a consensus rating of “Buy” from the thirty-seven ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty-seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $81.96.
A number of brokerages recently issued reports on SLB. Loop Capital reiterated 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. Cowen set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Credit Suisse Group set a $86.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday, March 14th.
Schlumberger (NYSE:SLB) traded up $1.01 during midday trading on Friday, hitting $65.71. 2,812,490 shares of the stock traded hands, compared to its average volume of 8,933,144. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.89. The stock has a market cap of $91,477.98, a price-to-earnings ratio of -60.25, a P/E/G ratio of 5.10 and a beta of 1.03. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. analysts forecast that Schlumberger will post 2.16 EPS 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 given 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 other news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now 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 Securities & Exchange Commission, which is available through this link. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SLB. Frontier Wealth Management LLC boosted its position in Schlumberger by 0.4% during the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 35 shares in the last quarter. Glassman Wealth Services boosted its holdings in Schlumberger by 0.8% in the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 44 shares in the last quarter. Choate Investment Advisors boosted its holdings in Schlumberger by 0.4% in the second quarter. Choate Investment Advisors now owns 14,516 shares of the oil and gas company’s stock worth $956,000 after acquiring an additional 60 shares in the last quarter. Bienville Capital Management LLC boosted its holdings in Schlumberger by 2.7% in the second quarter. Bienville Capital Management LLC now owns 4,004 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 105 shares in the last quarter. Finally, EagleClaw Capital Managment LLC boosted its holdings in Schlumberger by 0.5% in the second quarter. EagleClaw Capital Managment LLC now owns 23,475 shares of the oil and gas company’s stock worth $1,545,000 after acquiring an additional 125 shares in the last quarter. 79.88% of the stock is currently owned by institutional investors and hedge funds.
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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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