Schlumberger (NYSE:SLB) Stock Price Up 1.6%

Schlumberger Limited (NYSE:SLB) shares rose 1.6% during mid-day trading on Thursday . The company traded as high as $51.72 and last traded at $51.64. Approximately 2,083,128 shares changed hands during trading, a decline of 81% from the average daily volume of 11,121,109 shares. The stock had previously closed at $50.81.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Wells Fargo & Company boosted their target price on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Benchmark restated a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. Finally, Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

Schlumberger Stock Up 0.6 %

The stock has a market cap of $72.93 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $51.50 and a 200-day moving average price of $52.50.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, analysts forecast that Schlumberger Limited will post 3.52 earnings per share for the current year.

Insider Activity at Schlumberger

In other news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total value of $1,052,607.15. Following the completion of the transaction, the vice president now owns 31,198 shares in the company, valued at approximately $1,623,855.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total value of $1,052,607.15. Following the completion of the transaction, the vice president now owns 31,198 shares in the company, valued at approximately $1,623,855.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Abdellah Merad sold 50,000 shares of Schlumberger stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Schlumberger

Hedge funds and other institutional investors have recently made changes to their positions in the business. BluePath Capital Management LLC acquired a new position in Schlumberger during the third quarter worth approximately $25,000. MCF Advisors LLC increased its position in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after buying an additional 461 shares during the period. Register Financial Advisors LLC acquired a new position in Schlumberger during the first quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in Schlumberger during the fourth quarter worth approximately $26,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Schlumberger during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.