Schlumberger (NYSE:SLB) Stock Price Up 1.6%

Schlumberger Limited (NYSE:SLB) shares rose 1.6% during trading on Thursday . The company traded as high as $51.72 and last traded at $51.64. Approximately 2,083,128 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 11,121,109 shares. The stock had previously closed at $50.81.

Analyst Ratings Changes

SLB has been the topic of a number of research reports. Bank of America upped their price target on shares of Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company upped their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Barclays decreased their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and an average price target of $70.31.

Schlumberger Stock Performance

The company has a market cap of $72.93 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.98 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The stock’s fifty day moving average price is $51.50 and its two-hundred day moving average price is $52.50.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, equities analysts predict that Schlumberger Limited will post 3.52 earnings per share for the current year.

Insider Activity at Schlumberger

In related news, CAO Howard Guild sold 22,853 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the transaction, the chief accounting officer now owns 22,181 shares of the company’s stock, valued at approximately $1,145,870.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the transaction, the chief accounting officer now directly owns 22,181 shares in the company, valued at approximately $1,145,870.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 in the last quarter. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLB. BluePath Capital Management LLC bought a new position in shares of Schlumberger during the third quarter valued at about $25,000. Acadian Asset Management LLC bought a new position in shares of Schlumberger during the first quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter valued at about $26,000. Register Financial Advisors LLC purchased a new stake in Schlumberger during the first quarter worth about $27,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Schlumberger during the second quarter worth about $27,000. 81.99% of the stock is owned by institutional investors.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.