Schlumberger Receives “Hold” Rating from 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 Tuesday, American Banking & Market News 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 increase in stock price during the past year, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
Schlumberger (NYSE:SLB) opened at 89.30 on Tuesday. Schlumberger has a 1-year low of $69.08 and a 1-year high of $94.91. The stock has a 50-day moving average of $88.46 and a 200-day moving average of $87.7. The company has a market cap of $116.7 billion and a price-to-earnings ratio of 17.64.
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 previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Schlumberger will post $5.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 11th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, February 14th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Griffin Securities initiated coverage on shares of Schlumberger in a research note on Thursday, January 30th. They set a “buy” rating on the stock. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Schlumberger in a research note on Tuesday, January 28th. 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 on Monday, January 27th. 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. The stock currently has an average rating of “Buy” and a consensus target price of $103.77.
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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