Schlumberger Ltd. Reaches New 12-Month High at $94.88 (SLB)
Schlumberger (NYSE:SLB) set a new 52-week high during trading on Friday, Analyst Ratings News reports. The stock traded as high as $94.88 and last traded at $93.79, with a volume of 7,895,092 shares. The stock had previously closed at $91.43.
A number of analysts have recently weighed in on SLB shares. Analysts at Societe Generale raised their price target on shares of Schlumberger from $94.00 to $104.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Schlumberger from $96.00 to $105.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Finally, analysts at HSBC downgraded shares of Schlumberger from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $98.00 price target on the stock, up previously from $96.00. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $97.50.
Schlumberger has a 52 week low of $66.85 and a 52 week high of $92.40. The stock has a 50-day moving average of $87.51 and a 200-day moving average of $79.16. The company has a market cap of $124.0 billion and a P/E ratio of 19.93. Schlumberger also was the target of unusually large options trading on Tuesday. Investors bought 53,517 call options on the stock. This is an increase of approximately 394% compared to the typical daily volume of 10,844 call options.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, October 18th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.05. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter last year, the company posted $1.08 earnings per share. Schlumberger’s revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Schlumberger will post $4.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 10th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.31 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.37%.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.