Schlumberger N.V. (NYSE:SLB) Rating Reiterated by BMO Capital Markets
Schlumberger N.V. (NYSE:SLB)‘s stock had its “buy” rating reiterated by stock 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 suggests a potential upside of 12.99% from the stock’s previous close.
Several other brokerages have also recently weighed in on SLB. Evercore ISI set a $93.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, April 22nd. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Cowen and Company reaffirmed an “outperform” rating and set a $99.00 target price on shares of Schlumberger N.V. in a research note on Tuesday, April 25th. SunTrust Banks, Inc. decreased their target price on Schlumberger N.V. from $92.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, April 25th. Finally, BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and an average target price of $86.40.
Schlumberger N.V. (SLB) opened at 65.49 on Thursday. The company has a market cap of $90.67 billion, a price-to-earnings ratio of 515.67 and a beta of 1.02. The stock’s 50 day moving average is $66.69 and its 200 day moving average is $74.44. Schlumberger N.V. has a 52-week low of $64.15 and a 52-week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its 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. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
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In related news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Helge Lund purchased 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. Front Barnett Associates LLC raised its stake in shares of Schlumberger N.V. by 1.4% in the second quarter. Front Barnett Associates LLC now owns 130,353 shares of the oil and gas company’s stock worth $8,582,000 after buying an additional 1,835 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Schlumberger N.V. by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 15,015 shares of the oil and gas company’s stock worth $989,000 after buying an additional 3,626 shares during the last quarter. Pacad Investment Ltd. raised its stake in shares of Schlumberger N.V. by 125.1% in the second quarter. Pacad Investment Ltd. now owns 57,500 shares of the oil and gas company’s stock worth $3,786,000 after buying an additional 31,956 shares during the last quarter. Commerce Bank raised its stake in shares of Schlumberger N.V. by 1.1% in the second quarter. Commerce Bank now owns 342,332 shares of the oil and gas company’s stock worth $22,540,000 after buying an additional 3,723 shares during the last quarter. Finally, FFT Wealth Management LLC raised its stake in shares of Schlumberger N.V. by 16.4% in the second quarter. FFT Wealth Management LLC now owns 3,635 shares of the oil and gas company’s stock worth $239,000 after buying an additional 513 shares during the last quarter. Institutional investors and hedge funds own 79.14% 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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