Schlumberger (NYSE:SLB) had its target price boosted by SunTrust Banks to $80.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “hold” rating on the oil and gas company’s stock. SunTrust Banks’ target price suggests a potential upside of 0.26% from the company’s previous close. SunTrust Banks also issued estimates for Schlumberger’s Q1 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.66 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $1.03 EPS and FY2019 earnings at $3.32 EPS.
A number of other equities analysts have also weighed in on SLB. Goldman Sachs Group lowered Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price target for the company. in a research report on Monday, November 13th. Piper Jaffray Companies set a $74.00 price target on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. Citigroup decreased their price target on Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Barclays set a $70.00 price target on Schlumberger and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group set a $78.00 price target on Schlumberger and gave the company a “buy” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.11.
Schlumberger (NYSE:SLB) opened at $79.79 on Tuesday. The stock has a market capitalization of $110,530.00, a PE ratio of -73.20, a P/E/G ratio of 5.88 and a beta of 1.01. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $86.05. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.
Institutional investors have recently made changes to their positions in the company. Aviance Capital Management LLC bought a new position in shares of Schlumberger in the 2nd quarter valued at approximately $100,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger in the 2nd quarter valued at approximately $107,000. Tradewinds Capital Management LLC raised its stake in shares of Schlumberger by 22.3% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 298 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new position in shares of Schlumberger in the 2nd quarter valued at approximately $137,000. Institutional investors and hedge funds own 79.29% of the company’s stock.
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About Schlumberger
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.
