Schlumberger (SLB) Raised to “Buy” at Griffin Securities

Schlumberger (NYSE:SLB) was upgraded by analysts at Griffin Securities from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat reports.

A number of other equities research analysts have also recently issued reports on SLB. Atlantic Securities raised shares of Schlumberger from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Loop Capital dropped their price target on Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. UBS Group set a $95.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Barclays set a $75.00 price target on Schlumberger and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.29.

Shares of Schlumberger (NYSE:SLB) traded up $1.65 during trading on Monday, hitting $66.84. 11,375,555 shares of the stock were exchanged, compared to its average volume of 9,940,000. The company has a market capitalization of $92,590.00, a PE ratio of -61.32, a PEG ratio of 4.96 and a beta of 0.98. Schlumberger has a 52 week low of $61.02 and a 52 week high of $82.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. Schlumberger’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. equities analysts anticipate that Schlumberger will post 2.19 EPS for the current year.

In other news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at $10,947,897.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SLB. Aviance Capital Management LLC bought a new stake in Schlumberger in the second quarter valued at approximately $100,000. FNY Partners Fund LP bought a new stake in Schlumberger in the fourth quarter valued at approximately $101,000. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger in the second quarter valued at approximately $107,000. Tradewinds Capital Management LLC boosted its holdings in Schlumberger by 22.3% in the second 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 during the last quarter. Finally, Rational Advisors LLC bought a new stake in Schlumberger in the fourth quarter valued at approximately $108,000. Institutional investors own 79.18% 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.

Analyst Recommendations for Schlumberger (NYSE:SLB)

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