Schlumberger (NYSE:SLB) received a $80.00 target price from research analysts at B. Riley in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the oil and gas company’s stock. B. Riley’s target price would suggest a potential upside of 12.15% from the company’s current price.
Other equities analysts have also issued reports about the company. Barclays set a $70.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective (down from $86.00) on shares of Schlumberger in a research note on Monday, October 16th. Citigroup lifted their price objective on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Schlumberger from $79.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $79.44.
Schlumberger (NYSE:SLB) traded up $1.81 during trading on Wednesday, hitting $71.33. The stock had a trading volume of 9,530,000 shares, compared to its average volume of 8,680,000. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $98,810.00, a price-to-earnings ratio of 182.90, a PEG ratio of 1.42 and a beta of 1.01. Schlumberger has a twelve month low of $61.02 and a twelve month high of $87.84.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. analysts predict that Schlumberger will post 1.47 earnings per share for the current year.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Edge Wealth Management lifted its holdings in Schlumberger by 714.3% during the 4th quarter. Edge Wealth Management now owns 570 shares of the oil and gas company’s stock worth $40,000 after buying an additional 500 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Schlumberger during the 4th quarter worth $101,000. Smith Asset Management Group LP lifted its holdings in Schlumberger by 6.7% during the 3rd quarter. Smith Asset Management Group LP now owns 1,280 shares of the oil and gas company’s stock worth $101,000 after buying an additional 80 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in Schlumberger by 29.8% during the 1st 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 in the last quarter. Finally, Rocky Mountain Advisers LLC lifted its holdings in Schlumberger by 9,507.1% during the 4th quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors.
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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.