Schlumberger N.V. (NYSE:SLB)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued to clients and investors on Monday, The Fly reports. They currently have a $78.00 target price on the oil and gas company’s stock, down from their prior target price of $91.00. Credit Suisse Group’s price objective points to a potential upside of 17.24% from the stock’s current price.

A number of other equities research analysts also recently issued reports on SLB. Stephens restated an “overweight” rating and set a $89.00 price objective on shares of Schlumberger N.V. in a research report on Monday, March 27th. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. BMO Capital Markets set a $96.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Monday, March 27th. Royal Bank Of Canada restated a “buy” rating and set a $103.00 price objective on shares of Schlumberger N.V. in a research report on Tuesday, March 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $99.00 price objective on shares of Schlumberger N.V. in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. presently has an average rating of “Buy” and an average price target of $87.65.

Schlumberger N.V. (NYSE:SLB) opened at 66.53 on Monday. The stock has a market capitalization of $92.14 billion, a PE ratio of 523.86 and a beta of 1.02. Schlumberger N.V. has a one year low of $64.15 and a one year high of $87.84. The company’s 50 day moving average price is $67.06 and its 200-day moving average price is $75.68. Schlumberger N.V. also was the target of some unusual options trading on Friday. Stock investors purchased 7,346 put options on the company. This represents an increase of 114% compared to the average volume of 3,429 put options.

Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Schlumberger N.V. will post $1.44 earnings per share for the current year.

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In other Schlumberger N.V. news, Director Peter L. S. Currie purchased 3,625 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the purchase, the director now directly owns 31,550 shares in the company, valued at $2,177,581. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares in the last quarter. Dodge & Cox acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at $3,954,205,000. Bank of New York Mellon Corp raised its position in shares of Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares in the last quarter. Norges Bank acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at $1,178,888,000. Finally, Clearbridge Investments LLC raised its position in shares of Schlumberger N.V. by 5.7% in the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after buying an additional 655,694 shares in the last quarter. Hedge funds and other institutional investors own 79.22% of the company’s stock.

About Schlumberger N.V.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

The Fly

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

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