Schlumberger N.V. (NYSE:SLB)‘s stock had its “buy” rating reaffirmed by equities researchers at BMO Capital Markets in a report released on Thursday, July 13th. They currently have a $74.00 price objective on the oil and gas company’s stock, down from their previous price objective of $89.00. BMO Capital Markets’ price objective points to a potential upside of 10.46% from the stock’s current price.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reissued an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Scotiabank set a $90.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, July 7th. Sanford C. Bernstein raised Schlumberger N.V. from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Finally, BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. has an average rating of “Buy” and an average target price of $86.40.
Schlumberger N.V. (NYSE:SLB) opened at 66.99 on Thursday. Schlumberger N.V. has a 1-year low of $64.15 and a 1-year high of $87.84. The firm has a 50-day moving average price of $66.75 and a 200-day moving average price of $75.14. The company has a market capitalization of $92.78 billion, a P/E ratio of 527.48 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. On average, analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
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In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the sale, the president now owns 96,175 shares in the company, valued at $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new stake in Schlumberger N.V. during the fourth quarter worth $101,000. Tradewinds Capital Management LLC raised its stake in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the period. American Research & Management Co. raised its stake in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares during the period. Rocky Mountain Advisers LLC raised its stake in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares during the period. Finally, MCF Advisors LLC raised its stake in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the period. 79.22% of the stock is currently owned by institutional investors.
About Schlumberger N.V.
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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