Schlumberger (SLB) PT Set at $87.00 by Susquehanna Bancshares

Schlumberger (NYSE:SLB) received a $87.00 price target from stock analysts at Susquehanna Bancshares in a report released on Monday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Susquehanna Bancshares’ price objective suggests a potential upside of 26.25% from the company’s current price.

Several other equities analysts have also issued reports on SLB. Seaport Global Securities set a $76.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday. Cowen reaffirmed a “buy” rating and set a $77.00 price target on shares of Schlumberger in a research note on Friday, April 13th. SunTrust Banks set a $82.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday. Finally, Jefferies Group set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $79.80.

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Shares of SLB opened at $68.91 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.35. The firm has a market cap of $95,809.70, a PE ratio of 45.94, a PEG ratio of 5.46 and a beta of 1.05.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. research analysts anticipate that Schlumberger will post 2.12 EPS for the current fiscal year.

In other Schlumberger news, CEO Paal Kibsgaard purchased 10,000 shares of the stock in a transaction on Monday, March 26th. The stock was bought at an average cost of $64.68 per share, for a total transaction of $646,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mogharbel Khaled Al acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were purchased at an average price of $64.30 per share, with a total value of $192,900.00. Following the completion of the acquisition, the insider now owns 30,482 shares of the company’s stock, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. Insiders acquired 18,000 shares of company stock valued at $1,163,650 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Aviance Capital Management LLC bought a new position in shares of Schlumberger during the second quarter worth about $100,000. Delek Group Ltd. bought a new position in shares of Schlumberger during the fourth quarter worth about $100,000. FNY Partners Fund LP bought a new position in shares of Schlumberger during the fourth quarter worth about $101,000. Rational Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter worth about $108,000. Finally, American Research & Management Co. grew its holdings in shares of Schlumberger by 81.1% during the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Analyst Recommendations for Schlumberger (NYSE:SLB)

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