Schlumberger Limited. Given Average Recommendation of “Buy” by Brokerages (NYSE:SLB)
Schlumberger Limited. (NYSE:SLB) has been given an average recommendation of “Buy” by the thirty ratings firms that are currently covering the stock, AR Network reports. Two research analysts have rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $126.96.
In other Schlumberger Limited. news, EVP Jean-Francois Poupeau sold 42,316 shares of the company’s stock on the open market 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 can be accessed through this link.
Schlumberger Limited. (NYSE:SLB) opened at 106.53 on Thursday. Schlumberger Limited. has a one year low of $80.00 and a one year high of $118.76. The stock’s 50-day moving average is $112.3 and its 200-day moving average is $101.4. The company has a market cap of $138.1 billion and a price-to-earnings ratio of 21.33.
Schlumberger Limited. (NYSE:SLB) last released its earnings data on Thursday, July 17th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter 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 1.50%.
A number of research firms have recently commented on SLB. 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.
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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