Schlumberger N.V. (NYSE:SLB)‘s stock had its “buy” rating reiterated by investment analysts at BMO Capital Markets in a research note issued to investors on Thursday, July 13th. They presently have a $74.00 target price on the oil and gas company’s stock, down from their previous target price of $89.00. BMO Capital Markets’ price objective indicates a potential upside of 11.41% from the company’s current price.
A number of other research analysts have also commented on SLB. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Evercore ISI set a $93.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, April 22nd. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Atlantic Securities lowered shares of Schlumberger N.V. from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $86.00 to $68.00 in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. has a consensus rating of “Buy” and a consensus price target of $87.30.
Schlumberger N.V. (NYSE:SLB) traded down 0.17% during trading on Thursday, reaching $66.42. The company’s stock had a trading volume of 6,210,964 shares. The firm has a 50 day moving average of $66.90 and a 200 day moving average of $75.34. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84. The stock has a market capitalization of $91.99 billion, a price-to-earnings ratio of 522.99 and a beta of 1.02. Schlumberger N.V. also saw some unusual options trading activity on Friday. Investors bought 7,346 put options on the stock. This represents an increase of approximately 114% compared to the average volume of 3,429 put options.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same quarter last year, the business earned $0.23 earnings per share. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Schlumberger N.V. will post $1.44 EPS for the current year.
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In related news, Director Peter L. S. Currie acquired 3,625 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the acquisition, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the transaction, the president now owns 96,175 shares in the company, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SLB. Marshall Wace LLP increased its position in Schlumberger N.V. by 93.1% in the fourth quarter. Marshall Wace LLP now owns 543,019 shares of the oil and gas company’s stock valued at $45,586,000 after buying an additional 261,792 shares during the last quarter. Elkfork Partners LLC acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at $45,530,000. Wilkins Investment Counsel Inc. raised its stake in shares of Schlumberger N.V. by 3.5% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 101,510 shares of the oil and gas company’s stock valued at $8,522,000 after buying an additional 3,470 shares during the period. Grand Jean Capital Management Inc. raised its stake in shares of Schlumberger N.V. by 26.1% in the fourth quarter. Grand Jean Capital Management Inc. now owns 194,369 shares of the oil and gas company’s stock valued at $16,317,000 after buying an additional 40,284 shares during the period. Finally, Aviva PLC raised its stake in shares of Schlumberger N.V. by 47.9% in the fourth quarter. Aviva PLC now owns 1,794,707 shares of the oil and gas company’s stock valued at $150,702,000 after buying an additional 581,601 shares during the period. Institutional investors own 79.22% of the company’s stock.
Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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