Schlumberger NV (SLB) Given Consensus Recommendation of “Buy” by Analysts
Shares of Schlumberger NV (NYSE:SLB) have received a consensus recommendation of “Buy” from the thirty-eight brokerages that are currently covering the company. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $90.88.
A number of research analysts have weighed in on the stock. Citigroup Inc. lifted their price objective on shares of Schlumberger NV from $89.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday. Loop Capital assumed coverage on shares of Schlumberger NV in a report on Friday, September 30th. They issued a “buy” rating and a $90.00 price objective for the company. Guggenheim reaffirmed a “buy” rating on shares of Schlumberger NV in a report on Wednesday, August 31st. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger NV in a report on Friday, August 19th. Finally, Nomura set a $91.00 price objective on shares of Schlumberger NV and gave the company a “buy” rating in a report on Tuesday, August 16th.
In other Schlumberger NV news, insider Howard Guild sold 11,900 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $81.32, for a total transaction of $967,708.00. Following the completion of the transaction, the insider now directly owns 19,781 shares in the company, valued at approximately $1,608,590.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tore I. Sandvold sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $78.09, for a total transaction of $195,225.00. Following the transaction, the director now owns 17,750 shares of the company’s stock, valued at $1,386,097.50. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
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A number of institutional investors have recently bought and sold shares of the stock. Investment Centers of America Inc. increased its position in Schlumberger NV by 14.8% in the first quarter. Investment Centers of America Inc. now owns 14,888 shares of the company’s stock valued at $1,096,000 after buying an additional 1,917 shares during the period. Sii Investments Inc. WI increased its position in Schlumberger NV by 15.5% in the first quarter. Sii Investments Inc. WI now owns 10,531 shares of the company’s stock valued at $772,000 after buying an additional 1,416 shares during the period. Sanders Morris Harris Inc. acquired a new position in Schlumberger NV during the first quarter valued at $620,000. Telemus Capital LLC increased its position in Schlumberger NV by 37.1% in the first quarter. Telemus Capital LLC now owns 44,169 shares of the company’s stock valued at $3,257,000 after buying an additional 11,946 shares during the period. Finally, John G Ullman & Associates Inc. increased its position in Schlumberger NV by 8.8% in the first quarter. John G Ullman & Associates Inc. now owns 178,506 shares of the company’s stock valued at $13,165,000 after buying an additional 14,462 shares during the period. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Schlumberger NV (NYSE:SLB) traded up 0.06% during mid-day trading on Thursday, reaching $81.49. 2,579,114 shares of the company were exchanged. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $83.97. The company’s market capitalization is $113.33 billion. The company has a 50 day moving average of $78.66 and a 200-day moving average of $78.04.
Schlumberger NV (NYSE:SLB) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The company earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. Schlumberger NV’s dividend payout ratio is presently -168.07%.
About Schlumberger NV
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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