Schlumberger (NYSE:SLB) has been assigned a $81.00 target price by Morgan Stanley in a report issued on Thursday. The firm presently has a “buy” rating on the oil and gas company’s stock. Morgan Stanley’s price target indicates a potential upside of 5.99% from the company’s previous close.
A number of other research analysts have also weighed in on SLB. Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a research note on Friday, September 29th. Citigroup raised their price target on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Finally, Deutsche Bank initiated coverage on shares of Schlumberger in a research note on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price target on the stock. Two equities research 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 company. The company presently has an average rating of “Buy” and an average target price of $80.15.
Schlumberger (NYSE:SLB) traded up $0.05 during mid-day trading on Thursday, hitting $76.42. 13,309,238 shares of the stock traded hands, compared to its average volume of 9,290,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. Schlumberger has a twelve month low of $61.02 and a twelve month high of $87.84. The stock has a market cap of $105,860.00, a price-to-earnings ratio of 195.95, a P/E/G ratio of 5.91 and a beta of 1.01.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. research analysts expect that Schlumberger will post 1.46 EPS for the current year.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $107,000. Tradewinds Capital Management LLC increased its holdings in shares of Schlumberger by 22.3% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $137,000. Institutional investors own 79.35% of the company’s stock.
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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.