SLB Limited (NYSE:SLB – Get Free Report) has received an average rating of “Moderate Buy” from the twenty-three analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $61.80.
A number of analysts recently issued reports on SLB shares. Citigroup lowered their price target on SLB from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Barclays boosted their price objective on shares of SLB from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. TD Cowen increased their target price on shares of SLB from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Raymond James Financial lowered their target price on shares of SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Finally, Evercore reaffirmed an “outperform” rating and set a $66.00 price target on shares of SLB in a research note on Monday, July 27th.
Check Out Our Latest Stock Analysis on SLB
Institutional Inflows and Outflows
SLB Trading Down 0.4%
Shares of SLB stock opened at $52.11 on Friday. SLB has a 1 year low of $31.64 and a 1 year high of $60.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $52.39 and its two-hundred day simple moving average is $51.92. The company has a market cap of $77.33 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.76.
SLB (NYSE:SLB – Get Free Report) last announced its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Research analysts predict that SLB will post 2.5 earnings per share for the current year.
SLB Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB’s dividend payout ratio (DPR) is presently 57.00%.
SLB Company Profile
SLB, formerly known as Schlumberger Limited, is a global technology and services company serving the energy industry. The company provides equipment, technology and technical expertise that help oil and gas producers locate, drill, complete and operate wells, as well as manage reservoirs and production assets.
Its offerings include seismic and subsurface evaluation, drilling and well-construction services, well completion and stimulation, artificial lift, production optimization, intervention services, subsea production systems and digital solutions.
Featured Articles
- Five stocks we like better than SLB
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for SLB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLB and related companies with MarketBeat.com's FREE daily email newsletter.
