Schlumberger (NYSE:SLB) has been assigned a $88.00 price target by Susquehanna Bancshares in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Susquehanna Bancshares’ target price would suggest a potential upside of 15.15% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Goldman Sachs Group cut shares of Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective for the company. in a research note on Monday, November 13th. Piper Jaffray Companies set a $74.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. Citigroup dropped their price objective on shares of Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Barclays set a $70.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and a consensus target price of $82.18.
Shares of Schlumberger (SLB) traded up $0.05 on Monday, hitting $76.42. 13,388,500 shares of the stock traded hands, compared to its average volume of 10,117,531. Schlumberger has a twelve month low of $61.02 and a twelve month high of $87.78. The firm has a market capitalization of $110,530.00, a P/E ratio of -70.11, a price-to-earnings-growth ratio of 5.88 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue was up 15.1% on a year-over-year basis. sell-side analysts forecast that Schlumberger will post 2.17 earnings per share for the current fiscal year.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshwinds Advisory Co. boosted its stake in shares of Schlumberger by 8.8% in the 2nd quarter. Marshwinds Advisory Co. now owns 18,500 shares of the oil and gas company’s stock valued at $1,218,000 after purchasing an additional 1,499 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Schlumberger by 5.6% in the 2nd quarter. Gateway Investment Advisers LLC now owns 928,326 shares of the oil and gas company’s stock valued at $61,121,000 after purchasing an additional 49,344 shares during the last quarter. Stokes & Hubbell Capital Management LLC boosted its stake in shares of Schlumberger by 8.2% in the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 11,669 shares of the oil and gas company’s stock valued at $768,000 after purchasing an additional 881 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of Schlumberger by 2.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 604,679 shares of the oil and gas company’s stock valued at $39,811,000 after purchasing an additional 15,221 shares during the last quarter. Finally, Kempner Capital Management Inc. boosted its stake in shares of Schlumberger by 41.2% in the 2nd quarter. Kempner Capital Management Inc. now owns 82,199 shares of the oil and gas company’s stock valued at $5,412,000 after purchasing an additional 23,996 shares during the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.
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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.