Schlumberger N.V. (NYSE:SLB) has been given a $80.00 price objective by investment analysts at Cowen and Company in a note issued to investors on Friday. The firm currently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price target would suggest a potential upside of 17.06% from the stock’s previous close.

Several other research analysts also recently issued reports on SLB. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Citigroup Inc. upped their price objective on Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Schlumberger N.V. in a research note on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $84.52.

Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.77% during midday trading on Friday, hitting $68.34. 5,717,392 shares of the stock traded hands. The firm’s 50-day moving average is $66.24 and its 200 day moving average is $69.55. The company has a market capitalization of $94.62 billion, a price-to-earnings ratio of 538.11 and a beta of 1.05. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Schlumberger N.V. will post $1.52 earnings per share for the current year.

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In related news, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. CGOV Asset Management increased its position in shares of Schlumberger N.V. by 27.1% during the 1st quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock valued at $4,297,000 after purchasing an additional 8,800 shares during the last quarter. Waldron LP increased its position in shares of Schlumberger N.V. by 76.5% during the 1st quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock valued at $568,000 after purchasing an additional 3,150 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of Schlumberger N.V. by 3.9% during the 1st quarter. Crestwood Advisors Group LLC now owns 228,298 shares of the oil and gas company’s stock valued at $17,830,000 after purchasing an additional 8,552 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in shares of Schlumberger N.V. by 26.2% during the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 14,198 shares of the oil and gas company’s stock valued at $1,108,000 after purchasing an additional 2,945 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Schlumberger N.V. by 134.9% during the 1st quarter. First Manhattan Co. now owns 57,046 shares of the oil and gas company’s stock valued at $4,486,000 after purchasing an additional 32,764 shares during the last quarter. Institutional investors and hedge funds own 78.91% 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.

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

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