Schlumberger (NYSE:SLB) had its price objective lifted by investment analysts at Loop Capital from $77.00 to $82.00 in a report issued on Monday. The firm currently has a “buy” rating on the oil and gas company’s stock. Loop Capital’s price objective indicates a potential upside of 7.30% from the company’s previous close.
A number of other research firms have also weighed in on SLB. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Schlumberger in a research note on Sunday. Atlantic Securities raised shares of Schlumberger from a “neutral” rating to an “overweight” rating in a research report on Monday. B. Riley increased their price target on shares of Schlumberger from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Finally, UBS Group reissued a “buy” rating and set a $95.00 price target (up from $85.00) on shares of Schlumberger in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $81.52.
Schlumberger (NYSE:SLB) traded up $0.05 during trading hours on Monday, reaching $76.42. 13,388,500 shares of the company were exchanged, compared to its average volume of 10,117,531. Schlumberger has a 52 week low of $61.02 and a 52 week high of $87.78. The stock has a market capitalization of $109,130.00, a price-to-earnings ratio of -70.11, a PEG ratio of 5.88 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $8.12 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. sell-side analysts predict that Schlumberger will post 2.17 EPS for the current fiscal year.
In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SLB. Valley National Advisers Inc. increased its holdings in Schlumberger by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after buying an additional 8 shares during the period. Frontier Wealth Management LLC increased its holdings in Schlumberger by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after buying an additional 35 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in Schlumberger by 0.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after buying an additional 36 shares during the period. Glassman Wealth Services increased its holdings in Schlumberger by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after buying an additional 44 shares during the period. Finally, Weybosset Research & Management LLC increased its holdings in Schlumberger by 0.9% in the 2nd quarter. Weybosset Research & Management LLC now owns 5,525 shares of the oil and gas company’s stock worth $364,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 79.29% 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.