Brokerages Set Schlumberger Limited. (SLB) Price Target at $57.16

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%.

About Schlumberger

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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Analyst Recommendations for Schlumberger (NYSE:SLB)

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