Schlumberger Limited. (NYSE:SLB) has received a consensus recommendation of “Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $42.71.
Several analysts have recently weighed in on SLB shares. Barclays set a $47.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Friday, October 18th. Citigroup upped their price objective on Schlumberger from $42.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. TheStreet lowered Schlumberger from a “c” rating to a “d+” rating in a report on Friday, October 18th. Cowen lowered Schlumberger from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $44.00 to $42.00 in a report on Tuesday. Finally, Stifel Nicolaus upped their price objective on Schlumberger from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, January 2nd.
Shares of Schlumberger stock traded down $0.66 during trading on Tuesday, hitting $35.77. The stock had a trading volume of 10,260,804 shares, compared to its average volume of 12,311,145. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.95. The firm has a market cap of $50.78 billion, a P/E ratio of -4.88, a PEG ratio of 2.16 and a beta of 1.59. The business has a fifty day moving average of $39.13 and a two-hundred day moving average of $36.40. Schlumberger has a fifty-two week low of $30.65 and a fifty-two week high of $48.88.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $8.23 billion during the quarter, compared to analyst estimates of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, research analysts forecast that Schlumberger will post 1.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Tuesday, February 11th. Schlumberger’s dividend payout ratio (DPR) is presently 136.05%.
In other news, EVP Patrick Schorn sold 65,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $35.89, for a total transaction of $2,332,850.00. Following the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $1,794,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Saul R. Laureles sold 4,350 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.72, for a total value of $151,032.00. The disclosure for this sale can be found here. Insiders have sold 99,735 shares of company stock worth $3,594,864 over the last ninety days. 0.48% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Ancora Advisors LLC increased its position in Schlumberger by 0.7% in the 3rd quarter. Ancora Advisors LLC now owns 35,572 shares of the oil and gas company’s stock worth $1,215,000 after purchasing an additional 255 shares during the last quarter. Trust Co. of Vermont increased its position in Schlumberger by 1.3% in the 3rd quarter. Trust Co. of Vermont now owns 23,037 shares of the oil and gas company’s stock worth $787,000 after purchasing an additional 296 shares during the last quarter. Close Asset Management Ltd increased its position in Schlumberger by 0.3% in the 4th quarter. Close Asset Management Ltd now owns 90,595 shares of the oil and gas company’s stock worth $3,641,000 after purchasing an additional 300 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in Schlumberger by 2.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 15,435 shares of the oil and gas company’s stock worth $620,000 after purchasing an additional 300 shares during the last quarter. Finally, Cutler Investment Counsel LLC increased its position in Schlumberger by 0.6% in the 3rd quarter. Cutler Investment Counsel LLC now owns 49,980 shares of the oil and gas company’s stock worth $1,708,000 after purchasing an additional 305 shares during the last quarter. 76.52% of the stock is currently owned by hedge funds and other institutional investors.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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