Schlumberger (SLB) PT Set at $75.00 by Barclays

Schlumberger (NYSE:SLB) has been given a $75.00 price objective by analysts at Barclays in a report issued on Tuesday. The firm presently has a “hold” rating on the oil and gas company’s stock. Barclays’ price objective indicates a potential downside of 4.60% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group cut shares of Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price for the company. in a research report on Monday, November 13th. Piper Jaffray Companies set a $74.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Saturday, October 21st. Citigroup dropped their target price on shares of Schlumberger from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Jefferies Group set a $78.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada set a $73.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger currently has a consensus rating of “Buy” and a consensus target price of $82.29.

Schlumberger (NYSE SLB) traded down $0.59 during trading hours on Tuesday, hitting $78.62. 7,090,905 shares of the stock traded hands, compared to its average volume of 10,270,273. Schlumberger has a 12-month low of $61.02 and a 12-month high of $86.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.21. The stock has a market cap of $108,910.00, a PE ratio of -72.13, a price-to-earnings-growth ratio of 6.22 and a beta of 1.01.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same period last year, the company posted $0.27 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. equities research analysts expect that Schlumberger will post 2.14 earnings per share for the current fiscal year.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comprehensive Portfolio Management LLC purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $885,000. Meyer Handelman Co. boosted its holdings in shares of Schlumberger by 12.3% during the 3rd quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock valued at $16,193,000 after acquiring an additional 25,494 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Schlumberger by 51.5% during the 2nd quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after acquiring an additional 3,853 shares during the last quarter. Denver Investment Advisors LLC boosted its holdings in shares of Schlumberger by 5.8% during the 2nd quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock valued at $10,547,000 after acquiring an additional 8,817 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $14,156,000. 79.29% of the stock is currently owned by hedge funds and other institutional investors.

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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)