Schlumberger Sees Unusually High Options Volume (SLB)
Schlumberger (NYSE:SLB) saw unusually large options trading activity on Thursday. Investors acquired 21,367 put options on the stock, StockRatingsNetwork reports. This is an increase of 260% compared to the average daily volume of 5,928 put options.
A number of analysts have recently weighed in on SLB shares. Analysts at Socgen reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Thursday. They now have a $106.00 price target on the stock, down previously from $110.00. Separately, analysts at Iberia Capital downgraded shares of Schlumberger from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, January 10th. Finally, analysts at Cowen and Company cut their price target on shares of Schlumberger from $116.00 to $105.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.29.
Schlumberger (NYSE:SLB) traded down 0.31% on Thursday, hitting $88.61. 6,937,631 shares of the company’s stock traded hands. Schlumberger has a one year low of $69.08 and a one year high of $94.91. The stock has a 50-day moving average of $87.74 and a 200-day moving average of $86.35. The company has a market cap of $116.7 billion and a P/E ratio of 18.48.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, October 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Schlumberger will post $4.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 11th. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.81%.
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.
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