Schlumberger Receives “Buy” Rating from Guggenheim (SLB)
Schlumberger (NYSE:SLB)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a note issued to investors on Tuesday, American Banking News reports. They currently have a $102.00 price target on the stock, down from their previous price target of $105.00. Guggenheim’s price target suggests a potential upside of 16.03% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Monday. They now have a $93.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger in a research note to investors on Tuesday, January 21st. Finally, analysts at Credit Suisse raised their price target on shares of Schlumberger from $105.00 to $108.00 in a research note to investors on Tuesday, January 21st. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average price target of $103.77.
In other Schlumberger news, Director Mark Danton sold 1,484 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $92.00, for a total value of $136,528.00. Following the sale, the director now directly owns 44,433 shares in the company, valued at approximately $4,087,836. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, January 17th. The company reported $1.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.35. The company had revenue of $11.91 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 11th. Stockholders 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 1.82%.
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.