Stock Traders Purchase High Volume of Put Options on Schlumberger Limited. (SLB)
Schlumberger Limited. (NYSE:SLB) was the target of unusually large options trading on Thursday. Traders purchased 14,818 put options on the company, AnalystRatings.NET reports. This represents an increase of approximately 238% compared to the average daily volume of 4,383 put options.
In other Schlumberger Limited. news, EVP Jean-Francois Poupeau unloaded 42,316 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $107.01, for a total transaction of $4,528,235.16. The transaction was disclosed in a document filed with the SEC, which is available at this link.
SLB has been the subject of a number of recent research reports. 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. Two equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $126.96.
Schlumberger Limited. (NYSE:SLB) traded down 1.59% during mid-day trading on Thursday, hitting $105.91. The stock had a trading volume of 5,857,636 shares. Schlumberger Limited. has a 52 week low of $80.00 and a 52 week high of $118.76. The stock’s 50-day moving average is $112. and its 200-day moving average is $101.2. The company has a market cap of $137.3 billion and a P/E ratio of 21.68.
Schlumberger Limited. (NYSE:SLB) last posted its quarterly earnings results 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 declared a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%.
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.
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