Schlumberger N.V. (SLB) Rating Lowered to Strong Sell at BidaskClub
Schlumberger N.V. (NYSE:SLB) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.
A number of other analysts also recently weighed in on SLB. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG cut their price target on shares of Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. HSBC Holdings plc started coverage on shares of Schlumberger N.V. in a research report on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price target on the stock. SunTrust Banks, Inc. upgraded shares of Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Thursday, April 20th. Finally, Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $86.40.
Schlumberger N.V. (NYSE SLB) traded up 0.44% during mid-day trading on Wednesday, hitting $63.72. 2,372,889 shares of the company were exchanged. Schlumberger N.V. has a 12-month low of $63.03 and a 12-month high of $87.84. The company has a 50 day moving average of $66.32 and a 200 day moving average of $73.22. The stock has a market cap of $88.22 billion, a P/E ratio of 501.73 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. Schlumberger N.V.’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. On average, equities research analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
In related news, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The stock was purchased at an average cost of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $349,100. The disclosure for this sale can be found here. Insiders purchased 14,425 shares of company stock valued at $950,782 over the last three months. 0.38% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC boosted its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the period. American Research & Management Co. boosted its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares during the period. Aviance Capital Management LLC bought a new position in Schlumberger N.V. during the second quarter worth approximately $100,000. MCF Advisors LLC boosted its position in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares during the period. 79.65% of the stock is owned by hedge funds and other institutional investors.
Schlumberger N.V. Company Profile
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.
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