Schlumberger Limited. PT Raised to $117.00 at FBR Capital Markets (SLB)
Research analysts at FBR Capital Markets raised their target price on shares of Schlumberger Limited. (NYSE:SLB) from $110.00 to $117.00 in a report released on Tuesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 16.74% from the company’s current price.
In other Schlumberger Limited. news, Director Mark Danton unloaded 16,579 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $102.84, for a total transaction of $1,704,984.36. Following the transaction, the director now directly owns 47,533 shares in the company, valued at approximately $4,888,294. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger Limited. in a research note on Monday, May 5th. They now have a $106.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Schlumberger Limited. from $105.00 to $121.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Schlumberger Limited. from $105.00 to $120.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Schlumberger Limited. has an average rating of “Buy” and an average price target of $111.64.
Shares of Schlumberger Limited. (NYSE:SLB) traded down 0.06% during mid-day trading on Tuesday, hitting $100.22. 4,659,653 shares of the company’s stock traded hands. Schlumberger Limited. has a one year low of $70.25 and a one year high of $103.58. The stock has a 50-day moving average of $99.12 and a 200-day moving average of $92.34. The company has a market cap of $130.5 billion and a price-to-earnings ratio of 18.85.
Schlumberger Limited. (NYSE:SLB) last released its earnings data on Thursday, April 17th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.01. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.49 billion. During the same quarter last year, the company posted $1.01 earnings per share. Schlumberger Limited.’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Schlumberger Limited. will post $5.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, June 2nd.
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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