Schlumberger Stock Rating Reaffirmed by TheStreet (SLB)
Schlumberger (NYSE:SLB)‘s stock had its “hold” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Friday, Analyst Ratings Network reports.
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
Several other analysts have also recently commented on the stock. Analysts at Griffin Securities initiated coverage on shares of Schlumberger in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Tuesday. They now have a $102.00 price target on the stock, down previously from $105.00. Finally, 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. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Schlumberger presently has an average rating of “Buy” and an average price target of $103.77.
Schlumberger (NYSE:SLB) traded down 1.40% during mid-day trading on Friday, hitting $87.57. 6,338,746 shares of the company’s stock traded hands. 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 $88.24 and a 200-day moving average of $87.29. The company has a market cap of $114.9 billion and a P/E ratio of 17.59.
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 last year, the company posted $1.08 earnings per share. Schlumberger’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Schlumberger will post $5.73 earnings per share 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 1.83%.
In other Schlumberger news, Director Mark Danton unloaded 1,484 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $92.00, for a total transaction of $136,528.00. Following the completion of 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 document filed with the SEC, which is available at this link.
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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