Schlumberger (SLB) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Schlumberger (NYSE: SLB) in the last few weeks:

  • 2/6/2018 – Schlumberger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Schlumberger has lower exposure to U.S. shale plays — where more drillers have gathered following partial recovery in crude prices. Per a report by Baker Hughes, a GE company, almost 271 more oil and gas rigs were added for exploiting prospective domestic resources in 2017. Hence, reduced exposure to U.S. plays may lessen oilfield service contracts for Schlumberger.. We are also concerned about the increase in the company’s long-term debt load. Since 2014-end, there has been almost a 41% increase in long-term debt. Over the same time frame, cash balance fell considerably, reflecting weakness in the balance sheet.”
  • 1/31/2018 – Schlumberger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Schlumberger has lower exposure to U.S. shale plays — where more drillers have gathered following partial recovery in crude prices. Per a report by Baker Hughes, a GE company, almost 271 more oil and gas rigs were added for exploiting prospective domestic resources in 2017. Hence, reduced exposure to U.S. plays may lessen oilfield service contracts for Schlumberger. Also, the company’s pricing chart is not impressive. In the past year, Schlumberger has lost 11%, underperforming Halliburton’s 4.3% decline. We are also concerned about the increase in the company’s long-term debt load. Since 2014-end, there has been almost a 41% increase in long-term debt. Over the same time frame, cash balance fell considerably, reflecting weakness in the balance sheet.”
  • 1/23/2018 – Schlumberger was given a new $75.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 1/23/2018 – Schlumberger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Schlumberger has lower exposure to U.S. shale plays — where more drillers have gathered following partial recovery in crude prices. Per a report by Baker Hughes, a GE company, almost 271 more oil and gas rigs were added for exploiting prospective domestic resources in 2017. Hence, reduced exposure to U.S. plays may lessen oilfield service contracts for Schlumberger. Despite strong fourth-quarter 2017 results, the company’s pricing chart is not impressive. In the past year, Schlumberger has lost 5.4%, underperforming Halliburton’s 2.9% gain. We are also concerned about the increase in the company’s long-term debt load. Since 2014-end, there has been almost a 41% increase in long-term debt. Over the same time frame, cash balance fell considerably, reflecting weakness in the balance sheet.”
  • 1/23/2018 – Schlumberger had its price target raised by analysts at SunTrust Banks, Inc. from $72.00 to $80.00. They now have a “hold” rating on the stock.
  • 1/22/2018 – Schlumberger was given a new $88.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 1/22/2018 – Schlumberger had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $86.00 price target on the stock, up previously from $71.00.
  • 1/22/2018 – Schlumberger had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $82.00 price target on the stock, up previously from $77.00.
  • 1/22/2018 – Schlumberger was given a new $95.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 1/22/2018 – Schlumberger had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $90.00 price target on the stock, up previously from $80.00.
  • 1/22/2018 – Schlumberger was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating.
  • 1/21/2018 – Schlumberger had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $85.00 price target on the stock.
  • 1/19/2018 – Schlumberger had its price target raised by analysts at Piper Jaffray Companies from $74.00 to $90.00. They now have an “overweight” rating on the stock.
  • 1/18/2018 – Schlumberger was given a new $81.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/11/2018 – Schlumberger was given a new $85.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/4/2018 – Schlumberger was given a new $78.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 1/3/2018 – Schlumberger was given a new $80.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 12/31/2017 – Schlumberger was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/21/2017 – Schlumberger was given a new $73.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.

Schlumberger Limited. (NYSE SLB) opened at $65.19 on Monday. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week high of $82.71. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $90,218.60, a price-to-earnings ratio of -59.81, a P/E/G ratio of 4.96 and a beta of 0.98.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. equities analysts predict that Schlumberger Limited. will post 2.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.07%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is currently -183.49%.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the sale, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

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.

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