Schlumberger NV (SLB) Given Consensus Recommendation of “Buy” by Analysts
Shares of Schlumberger NV (NYSE:SLB) have been given an average rating of “Buy” by the thirty-eight ratings firms that are covering the company. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $90.88.
Several research firms have weighed in on SLB. Jefferies Group reissued a “hold” rating and issued a $85.00 target price (up previously from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $94.00 target price on shares of Schlumberger NV in a research note on Wednesday, June 15th. BMO Capital Markets reissued a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, July 13th. Guggenheim reissued a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 31st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $89.00 price target (down previously from $90.00) on shares of Schlumberger NV in a research report on Thursday, June 23rd.
In related news, Director Tore I. Sandvold sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $78.09, for a total transaction of $195,225.00. Following the transaction, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Stephane Biguet sold 4,227 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total value of $331,904.04. Following the transaction, the vice president now directly owns 7,108 shares in the company, valued at $558,120.16. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SLB. Investment Centers of America Inc. increased its position in Schlumberger NV by 14.8% in the first quarter. Investment Centers of America Inc. now owns 14,888 shares of the company’s stock worth $1,096,000 after buying an additional 1,917 shares during the period. Sii Investments Inc. WI increased its position in Schlumberger NV by 15.5% in the first quarter. Sii Investments Inc. WI now owns 10,531 shares of the company’s stock worth $772,000 after buying an additional 1,416 shares during the period. Sanders Morris Harris Inc. purchased a new position in Schlumberger NV during the first quarter worth $620,000. Telemus Capital LLC increased its position in Schlumberger NV by 37.1% in the first quarter. Telemus Capital LLC now owns 44,169 shares of the company’s stock worth $3,257,000 after buying an additional 11,946 shares during the period. Finally, John G Ullman & Associates Inc. increased its position in Schlumberger NV by 8.8% in the first quarter. John G Ullman & Associates Inc. now owns 178,506 shares of the company’s stock worth $13,165,000 after buying an additional 14,462 shares during the period. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger NV (NYSE:SLB) traded up 0.06% during mid-day trading on Thursday, reaching $81.49. The company’s stock had a trading volume of 2,579,114 shares. The company’s market cap is $113.33 billion. The stock’s 50 day moving average is $78.66 and its 200 day moving average is $78.04. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97.
Schlumberger NV (NYSE:SLB) last released its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.09 billion. Equities research analysts predict that Schlumberger NV will post $1.12 EPS for the current year.
The company 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is currently -168.07%.
About Schlumberger NV
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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