Schlumberger Limited. (NYSE:SLB) has been assigned a consensus rating of “Buy” from the thirty-four analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued 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 ratings on the stock in the last year is $78.04.

SLB has been the subject of several research reports. Deutsche Bank initiated coverage on Schlumberger in a research report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 target price for the company. Royal Bank Of Canada set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 7th. Cowen set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup lifted their target price on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research report on Friday, September 29th.

In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Comprehensive Portfolio Management LLC purchased a new stake in Schlumberger in the second quarter valued at approximately $885,000. Bank of Montreal Can lifted its stake in Schlumberger by 41.6% in the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after buying an additional 470,615 shares during the last quarter. Denver Investment Advisors LLC lifted its stake in Schlumberger by 5.8% in the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after buying an additional 8,817 shares during the last quarter. SOL Capital Management CO lifted its stake in Schlumberger by 8.3% in the second quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock valued at $344,000 after buying an additional 400 shares during the last quarter. Finally, Cambiar Investors LLC lifted its stake in Schlumberger by 53.8% in the second quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock valued at $324,906,000 after buying an additional 1,726,174 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Shares of Schlumberger (NYSE SLB) opened at $62.07 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $89,487.92, a PE ratio of 50.08, a P/E/G ratio of 1.97 and a beta of 1.01. Schlumberger has a 52-week low of $61.02 and a 52-week high of $87.84.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. analysts predict that Schlumberger will post 1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.83%.

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Schlumberger 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.

Analyst Recommendations for Schlumberger (NYSE:SLB)

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