Schlumberger N.V. (SLB) Earning Somewhat Negative News Coverage, Analysis Finds
News stories about Schlumberger N.V. (NYSE:SLB) have been trending somewhat negative on Saturday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Schlumberger N.V. earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 48.5863056447067 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- FBR & Co Reaffirms Buy Rating for Schlumberger N.V. (SLB) (americanbankingnews.com)
- Schlumberger matches Street 3Q forecasts – Fredericksburg.com (fredericksburg.com)
- Top oilfield services firms signal fourth-quarter uncertainty – Reuters (reuters.com)
- Analytics for Quant Score Makes Schlumberger (SLB) a Sell – Investorplace.com (investorplace.com)
- Schlumberger's Earnings Break Out of Their Funk in the Third Quarter (finance.yahoo.com)
Shares of Schlumberger N.V. (NYSE:SLB) opened at 63.15 on Friday. The firm has a market cap of $87.43 billion, a PE ratio of 497.24 and a beta of 1.05. The stock’s 50 day moving average price is $67.31 and its 200-day moving average price is $68.66. Schlumberger N.V. has a 52-week low of $61.40 and a 52-week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
Several brokerages recently weighed in on SLB. FBR & Co reiterated a “buy” rating on shares of Schlumberger N.V. in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price objective (down from $86.00) on shares of Schlumberger N.V. in a research report on Monday, October 16th. BMO Capital Markets lowered Schlumberger N.V. from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $74.00 to $72.00 in a research report on Wednesday, October 11th. Deutsche Bank AG began coverage on Schlumberger N.V. in a research report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, Cowen and Company set a $80.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $82.64.
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In related news, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was 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. Corporate insiders own 0.38% 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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