Jefferies Group LLC restated their buy rating on shares of Schlumberger N.V. (NYSE:SLB) in a research note issued to investors on Monday, July 24th. The brokerage currently has a $80.00 target price on the oil and gas company’s stock, down from their prior target price of $92.00. Jefferies Group also issued estimates for Schlumberger N.V.’s Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $1.50 EPS, FY2018 earnings at $2.40 EPS, FY2019 earnings at $4.60 EPS and FY2020 earnings at $6.35 EPS.
Several other research analysts have also commented on SLB. Stephens reissued an overweight rating and issued a $89.00 price target on shares of Schlumberger N.V. in a research report on Monday, March 27th. Zacks Investment Research downgraded Schlumberger N.V. from a hold rating to a sell rating in a research note on Tuesday, March 28th. BMO Capital Markets set a $96.00 target price on Schlumberger N.V. and gave the stock a buy rating in a research note on Monday, March 27th. Royal Bank Of Canada restated a buy rating and set a $103.00 target price on shares of Schlumberger N.V. in a research note on Tuesday, March 28th. Finally, Deutsche Bank AG dropped their target price on Schlumberger N.V. from $101.00 to $100.00 and set a buy rating on the stock in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. presently has an average rating of Buy and an average target price of $86.40.
Schlumberger N.V. (SLB) traded down 0.89% during midday trading on Monday, hitting $63.83. The stock had a trading volume of 4,627,489 shares. The company’s 50 day moving average price is $66.44 and its 200-day moving average price is $73.68. Schlumberger N.V. has a 52-week low of $63.74 and a 52-week high of $87.84. The stock has a market cap of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s payout ratio is 1,538.58%.
In other Schlumberger N.V. news, Director Peter L. S. Currie acquired 3,625 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the transaction, the director now owns 31,550 shares of the company’s stock, valued at approximately $2,177,581. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $349,100. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new position in Schlumberger N.V. during the fourth quarter valued at approximately $101,000. Tradewinds Capital Management LLC raised its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. Rocky Mountain Advisers LLC raised its position in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. American Research & Management Co. raised its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Finally, Advantage Investment Management LLC purchased a new position in Schlumberger N.V. during the fourth quarter valued at approximately $127,000. Institutional investors and hedge funds own 79.14% of the company’s stock.
Schlumberger N.V. 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.
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