Schlumberger Limited. (NYSE:SLB) has received an average recommendation of “Hold” from the twenty-five brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $57.16.
Several equities research analysts have weighed in on SLB shares. Zacks Investment Research raised Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. Tudor Pickering downgraded Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price target for the company. in a report on Monday, April 22nd. Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a report on Friday, March 15th. Goldman Sachs Group started coverage on Schlumberger in a report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Stifel Nicolaus set a $50.00 price target on Schlumberger and gave the stock a “hold” rating in a report on Monday, April 22nd.
In other news, insider Alexander C. Juden sold 8,643 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the completion of the transaction, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Simon Ayat sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $46.10, for a total value of $1,152,500.00. Following the completion of the transaction, the chief financial officer now owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Several large investors have recently made changes to their positions in SLB. Ellis Investment Partners LLC purchased a new position in Schlumberger during the first quarter valued at approximately $26,000. CX Institutional grew its holdings in Schlumberger by 158.4% in the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 396 shares during the period. Berman Capital Advisors LLC acquired a new stake in Schlumberger in the fourth quarter valued at approximately $31,000. Bruderman Asset Management LLC acquired a new stake in Schlumberger in the fourth quarter valued at approximately $33,000. Finally, Balentine LLC acquired a new stake in Schlumberger in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 77.85% of the company’s stock.
SLB stock traded down $0.85 during trading on Thursday, reaching $37.49. 12,204,183 shares of the company traded hands, compared to its average volume of 10,214,218. Schlumberger has a 12 month low of $34.99 and a 12 month high of $72.72. The company has a market cap of $54.71 billion, a P/E ratio of 23.14, a PEG ratio of 1.64 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.99.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, analysts anticipate that Schlumberger will post 1.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s payout ratio is 123.46%.
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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