Schlumberger N.V. (SLB) PT Set at $71.00 by Credit Suisse Group
Schlumberger N.V. (NYSE:SLB) has been given a $71.00 price target by research analysts at Credit Suisse Group in a report released on Monday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 12.43% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Deutsche Bank AG initiated coverage on Schlumberger N.V. in a report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 target price on the stock. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Schlumberger N.V. in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $80.54.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 1.829% during trading on Monday, hitting $61.995. The stock had a trading volume of 5,655,269 shares. The company has a market cap of $85.83 billion, a PE ratio of 488.150 and a beta of 1.05. Schlumberger N.V. has a 12-month low of $61.40 and a 12-month high of $87.84. The stock’s 50 day moving average is $67.31 and its 200-day moving average is $68.66.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Analysts forecast that Schlumberger N.V. will post $1.51 earnings per share for the current year.
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In related news, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in SLB. Baker Avenue Asset Management raised its stake in Schlumberger N.V. by 3.1% during the 3rd quarter. Baker Avenue Asset Management now owns 39,042 shares of the oil and gas company’s stock valued at $2,693,000 after purchasing an additional 1,180 shares during the period. Palo Capital raised its stake in Schlumberger N.V. by 105.5% during the 3rd quarter. Palo Capital now owns 22,120 shares of the oil and gas company’s stock valued at $1,526,000 after purchasing an additional 11,355 shares during the period. Gerstein Fisher raised its stake in Schlumberger N.V. by 12.8% during the 3rd quarter. Gerstein Fisher now owns 7,881 shares of the oil and gas company’s stock valued at $544,000 after purchasing an additional 896 shares during the period. J. Goldman & Company acquired a new stake in Schlumberger N.V. during the 3rd quarter valued at $12,811,000. Finally, TrimTabs Asset Management acquired a new stake in Schlumberger N.V. during the 3rd quarter valued at $1,899,000. 78.85% of the stock is currently owned by 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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