Stock Traders Buy Large Volume of Schlumberger Put Options (SLB)
Schlumberger (NYSE:SLB) was the recipient of unusually large options trading activity on Thursday. Traders bought 21,800 put options on the stock, StockRatingsNetwork reports. This represents an increase of approximately 359% compared to the typical volume of 4,752 put options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, December 27th. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Friday, December 27th. Finally, analysts at S&P Equity Research upgraded shares of Schlumberger to a “buy” rating in a research note to investors on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.75.
Shares of Schlumberger (NYSE:SLB) traded down 1.43% during mid-day trading on Thursday, hitting $88.82. The stock had a trading volume of 4,958,126 shares. Schlumberger has a 52-week low of $69.08 and a 52-week high of $94.91. The stock has a 50-day moving average of $88.94 and a 200-day moving average of $85.22. The company has a market cap of $117.0 billion and a price-to-earnings ratio of 18.74.
Schlumberger (NYSE:SLB) last issued its quarterly 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 $4.80 earnings per share for the current fiscal year.
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.