Schlumberger Limited. Receives Consensus Rating of “Buy” from Analysts (NYSE:SLB)
Shares of Schlumberger Limited. (NYSE:SLB) have been given an average rating of “Buy” by the thirty ratings firms that are presently covering the stock, American Banking News reports. Two investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $126.96.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Schlumberger Limited. from $9.00 to $126.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Schlumberger Limited. from $127.00 to $132.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Monday, July 21st. They now have a $138.00 price target on the stock, up previously from $120.00.
In other Schlumberger Limited. news, EVP Jean-Francois Poupeau sold 42,316 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $107.01, for a total value of $4,528,235.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Schlumberger Limited. (NYSE:SLB) traded down 0.09% on Thursday, hitting $107.52. 544,174 shares of the company’s stock traded hands. Schlumberger Limited. has a 1-year low of $80.00 and a 1-year high of $118.76. The stock has a 50-day moving average of $112. and a 200-day moving average of $101.2. The company has a market cap of $139.4 billion and a P/E ratio of 21.68.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.01. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.94 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Schlumberger Limited. will post $5.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.49%.
Schlumberger N.V. (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.