Schlumberger N.V. (SLB) PT Set at $80.00 by Cowen and Company
Schlumberger N.V. (NYSE:SLB) has been given a $80.00 target price by analysts at Cowen and Company in a research note issued on Friday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s target price would indicate a potential upside of 17.06% from the stock’s previous close.
Other analysts have also issued research reports about the stock. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, June 16th. Scotiabank set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and issued a $92.00 price objective on shares of Schlumberger N.V. in a research report on Friday, June 30th. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. Finally, Credit Suisse Group AG set a $78.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus target price of $84.52.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.77% on Friday, hitting $68.34. 5,717,392 shares of the stock traded hands. The firm has a market capitalization of $94.62 billion, a PE ratio of 538.11 and a beta of 1.05. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The firm’s 50 day moving average is $66.24 and its 200 day moving average is $69.55.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, analysts expect that Schlumberger N.V. will post $1.52 EPS for the current fiscal year.
In other news, Director Helge Lund acquired 2,800 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average price of $66.78 per share, with a total value of $186,984.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC lifted its position in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares during the period. Aviance Capital Management LLC bought a new stake in Schlumberger N.V. during the second quarter worth about $100,000. MCF Advisors LLC lifted its position in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 915 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger N.V. during the second quarter worth about $107,000. Finally, Proficio Capital Partners LLC lifted its position in Schlumberger N.V. by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the period. 78.91% of the stock is owned by institutional investors and hedge funds.
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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