Schlumberger N.V. (NYSE:SLB) Given Average Recommendation of “Buy” by Brokerages
Schlumberger N.V. (NYSE:SLB) has earned an average rating of “Buy” from the thirty-one analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, nineteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $86.04.
Several brokerages have recently commented on SLB. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG reduced their price target on shares of Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a research report on Friday, April 14th. HSBC Holdings plc began coverage on shares of Schlumberger N.V. in a research report on Wednesday, April 19th. They set a “hold” rating and a $90.00 price target on the stock. Finally, Vetr raised shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a research report on Thursday, April 20th.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 65.49 on Monday. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The stock has a market capitalization of $90.67 billion, a P/E ratio of 515.67 and a beta of 1.02. The stock has a 50 day moving average price of $66.52 and a 200 day moving average price of $73.90.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.05%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
In other Schlumberger N.V. news, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter L. S. Currie purchased 3,625 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the transaction, the director now owns 31,550 shares of the company’s stock, valued at approximately $2,177,581. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. United Bank purchased a new position in Schlumberger N.V. during the fourth quarter valued at $1,080,000. Aspiriant LLC boosted its position in Schlumberger N.V. by 0.8% in the fourth quarter. Aspiriant LLC now owns 23,387 shares of the oil and gas company’s stock valued at $1,963,000 after buying an additional 195 shares during the last quarter. Glenview Trust Co purchased a new position in Schlumberger N.V. during the fourth quarter valued at $1,780,000. Federated Investors Inc. PA boosted its position in Schlumberger N.V. by 4.3% in the fourth quarter. Federated Investors Inc. PA now owns 173,376 shares of the oil and gas company’s stock valued at $14,554,000 after buying an additional 7,182 shares during the last quarter. Finally, Hemenway Trust Co LLC boosted its position in Schlumberger N.V. by 1.1% in the fourth quarter. Hemenway Trust Co LLC now owns 91,790 shares of the oil and gas company’s stock valued at $7,706,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.
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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