Schlumberger (NYSE:SLB) has been given a $82.00 target price by equities research analysts at SunTrust Banks in a report issued on Monday. The firm currently has a “buy” rating on the oil and gas company’s stock. SunTrust Banks’ price objective suggests a potential upside of 18.45% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. Credit Suisse Group set a $80.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday. Cowen reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Schlumberger in a research note on Friday, April 13th. Jefferies Group set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, April 4th. Barclays set a $70.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Saturday, March 24th. Finally, ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $80.00.
SLB stock opened at $69.23 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 1.11. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $80.35. The stock has a market capitalization of $95,809.70, a P/E ratio of 46.15, a PEG ratio of 5.46 and a beta of 1.05.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.79 billion. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. research analysts forecast that Schlumberger will post 2.12 earnings per share for the current fiscal year.
In other Schlumberger news, insider Mogharbel Khaled Al bought 3,000 shares of Schlumberger stock in a transaction on Wednesday, March 28th. The stock was purchased at an average cost of $64.30 per share, for a total transaction of $192,900.00. Following the completion of the purchase, the insider now directly owns 30,482 shares of the company’s stock, valued at $1,959,992.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick Schorn bought 5,000 shares of Schlumberger stock in a transaction on Monday, March 26th. The stock was acquired at an average price of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. Insiders acquired 18,000 shares of company stock valued at $1,163,650 over the last quarter. Corporate insiders own 0.48% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Meyer Handelman Co. raised its position in shares of Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock valued at $16,193,000 after purchasing an additional 25,494 shares during the period. Randolph Co Inc bought a new position in Schlumberger during the fourth quarter worth $10,771,000. First Eagle Investment Management LLC increased its position in Schlumberger by 8.6% during the third quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock worth $1,214,244,000 after acquiring an additional 1,380,252 shares during the period. Twin Tree Management LP increased its position in Schlumberger by 135.8% during the fourth quarter. Twin Tree Management LP now owns 51,268 shares of the oil and gas company’s stock worth $3,455,000 after acquiring an additional 194,616 shares during the period. Finally, American Assets Investment Management LLC increased its position in Schlumberger by 79.6% during the third quarter. American Assets Investment Management LLC now owns 112,822 shares of the oil and gas company’s stock worth $7,870,000 after acquiring an additional 50,000 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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