Schlumberger NV (NYSE:SLB)‘s stock had its “buy” rating restated by equities research analysts at Guggenheim in a report issued on Thursday.

Several other analysts also recently weighed in on the company. BMO Capital Markets restated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, July 13th. Citigroup Inc. raised their target price on Schlumberger NV from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Simmons restated an “overweight” rating and set a $97.00 target price (up from $84.00) on shares of Schlumberger NV in a research note on Monday, July 25th. Jefferies Group set a $89.00 target price on Schlumberger NV and gave the company a “hold” rating in a research note on Tuesday, October 18th. Finally, Cowen and Company raised their target price on Schlumberger NV from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $91.01.

Analyst Recommendations for Schlumberger NV (NYSE:SLB)

Shares of Schlumberger NV (NYSE:SLB) opened at 78.66 on Thursday. The stock has a 50 day moving average price of $79.64 and a 200-day moving average price of $78.71. The firm’s market capitalization is $109.44 billion. Schlumberger NV has a 52 week low of $59.60 and a 52 week high of $84.30.

Schlumberger NV (NYSE:SLB) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Schlumberger NV had a positive return on equity of 5.06% and a negative net margin of 8.78%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. Equities analysts anticipate that Schlumberger NV will post $1.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.54%. Schlumberger NV’s dividend payout ratio (DPR) is -108.70%.

In other Schlumberger NV news, VP Stephane Biguet sold 3,000 shares of Schlumberger NV stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $79.73, for a total value of $239,190.00. Following the transaction, the vice president now owns 10,108 shares in the company, valued at $805,910.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Simon Ayat sold 50,000 shares of Schlumberger NV stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the completion of the transaction, the chief financial officer now owns 153,335 shares in the company, valued at approximately $12,831,072.80. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors raised its position in Schlumberger NV by 33.4% in the second quarter. Capital World Investors now owns 89,278,480 shares of the company’s stock valued at $7,060,142,000 after buying an additional 22,351,159 shares during the period. Vanguard Group Inc. raised its position in Schlumberger NV by 12.8% in the second quarter. Vanguard Group Inc. now owns 88,801,969 shares of the company’s stock valued at $7,022,460,000 after buying an additional 10,096,266 shares during the period. State Street Corp raised its position in Schlumberger NV by 10.1% in the second quarter. State Street Corp now owns 63,598,644 shares of the company’s stock valued at $5,029,383,000 after buying an additional 5,820,269 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Schlumberger NV by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 36,026,336 shares of the company’s stock valued at $2,833,111,000 after buying an additional 118,380 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Schlumberger NV by 6.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 21,638,721 shares of the company’s stock valued at $1,711,191,000 after buying an additional 1,263,533 shares during the period. Hedge funds and other institutional investors own 78.33% 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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