Schlumberger NV (SLB) Coverage Initiated by Analysts at Loop Capital
SLB has been the subject of a number of other research reports. Citigroup Inc. dropped their target price on shares of Schlumberger NV from $92.00 to $90.00 and set a buy rating for the company in a report on Monday, September 12th. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating on shares of Schlumberger NV in a report on Tuesday, July 5th. Cowen and Company upped their target price on shares of Schlumberger NV from $85.00 to $92.00 and gave the stock an outperform rating in a report on Monday, July 25th. Nomura set a $91.00 target price on shares of Schlumberger NV and gave the stock a buy rating in a report on Tuesday, August 16th. Finally, Guggenheim reaffirmed a buy rating on shares of Schlumberger NV in a report on Wednesday, August 31st. Four analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $90.59.
Schlumberger NV (NYSE:SLB) traded up 0.17% during trading on Friday, reaching $78.77. 1,128,254 shares of the company’s stock traded hands. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97. The company has a 50-day moving average price of $79.02 and a 200 day moving average price of $77.63. The firm’s market capitalization is $109.54 billion.
Schlumberger NV (NYSE:SLB) last released its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The business earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. On average, analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is currently -168.07%.
In other Schlumberger NV news, Director Michael E. Marks sold 13,600 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $81.19, for a total transaction of $1,104,184.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard Guild sold 11,900 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.32, for a total value of $967,708.00. Following the sale, the insider now owns 19,781 shares of the company’s stock, valued at $1,608,590.92. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Invictus RG boosted its stake in Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock valued at $104,000 after buying an additional 1,039 shares during the last quarter. Roble Belko & Company Inc bought a new stake in Schlumberger NV during the second quarter worth $108,000. Proficio Capital Partners LLC increased its stake in Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock worth $113,000 after buying an additional 626 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Schlumberger NV during the second quarter worth $114,000. Finally, New Harbor Financial Group LLC increased its stake in Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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