Schlumberger N.V. (SLB) Given a $80.00 Price Target at Jefferies Group LLC
Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. (NYSE:SLB) in a research note published on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.
A number of other analysts have also issued reports on the stock. BidaskClub lowered shares of Schlumberger N.V. from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Wells Fargo & Company reissued an outperform rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Barclays PLC downgraded shares of Schlumberger N.V. from an overweight rating to an equal weight rating and cut their target price for the company from $98.00 to $73.00 in a research note on Wednesday, June 21st. Sanford C. Bernstein raised shares of Schlumberger N.V. from a market perform rating to an outperform rating and cut their target price for the company from $94.00 to $80.00 in a research note on Thursday, July 6th. They noted that the move was a valuation call. Finally, Guggenheim downgraded shares of Schlumberger N.V. from a buy rating to a neutral rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of Buy and a consensus price target of $86.21.
Schlumberger N.V. (SLB) opened at 63.45 on Friday. The stock has a 50 day moving average price of $65.77 and a 200-day moving average price of $72.24. The company has a market cap of $87.85 billion, a price-to-earnings ratio of 499.61 and a beta of 1.02. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last released its quarterly 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 business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. On average, equities research analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In other Schlumberger N.V. news, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of SLB. First Eagle Investment Management LLC increased its stake in Schlumberger N.V. by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares in the last quarter. Dodge & Cox increased its position in Schlumberger N.V. by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the period. American Century Companies Inc. increased its position in Schlumberger N.V. by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after buying an additional 2,791,675 shares during the period. Vanguard Group Inc. increased its position in Schlumberger N.V. by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors increased its position in Schlumberger N.V. by 13.8% in the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the period. 78.98% of the stock is owned by institutional investors.
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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