Media coverage about Schlumberger (NYSE:SLB) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Schlumberger earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.9963565698304 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
A number of brokerages have recently issued reports on SLB. Barclays set a $70.00 target price on shares of Schlumberger and gave the company a “hold” rating in a research note on Saturday, March 24th. Cowen reissued a “buy” rating and set a $81.00 target price on shares of Schlumberger in a research note on Thursday, March 15th. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Royal Bank of Canada reissued a “buy” rating and set a $85.00 target price on shares of Schlumberger in a research note on Sunday, January 21st. Finally, Credit Suisse Group reissued a “buy” rating and set a $86.00 target price (up from $71.00) on shares of Schlumberger in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.80.
Shares of SLB stock traded down $0.14 during mid-day trading on Friday, hitting $74.29. 5,715,379 shares of the stock traded hands, compared to its average volume of 6,604,522. The firm has a market cap of $102.89 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 6.03 and a beta of 1.05. Schlumberger has a 52-week low of $61.02 and a 52-week high of $80.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.11.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.79 billion. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. equities analysts predict that Schlumberger will post 2.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, June 5th. Schlumberger’s payout ratio is 133.33%.
In other news, EVP Patrick Schorn purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was acquired at an average cost of $64.79 per share, with a total value of $323,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paal Kibsgaard purchased 10,000 shares of the firm’s stock in a transaction on Monday, March 26th. The shares were purchased at an average cost of $64.68 per share, with a total value of $646,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 18,000 shares of company stock valued at $1,163,650. Insiders own 0.48% of the company’s stock.
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.
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