Shares of Schlumberger Limited. (NYSE:SLB) have been given a consensus rating of “Buy” by the twenty-seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $70.11.

A number of research firms have recently issued reports on SLB. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “strong sell” rating in a research note on Friday. Citigroup lowered their price objective on Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Credit Suisse Group lowered Schlumberger from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $44.00 in a research note on Wednesday, December 19th. Barclays set a $58.00 price objective on Schlumberger and gave the company a “hold” rating in a research note on Monday, December 10th. Finally, JPMorgan Chase & Co. lowered Schlumberger from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $73.00 to $48.00 in a research note on Tuesday, December 11th.

Shares of SLB stock traded down $0.43 during trading hours on Friday, reaching $41.31. The company had a trading volume of 1,164,966 shares, compared to its average volume of 16,098,150. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. Schlumberger has a twelve month low of $34.99 and a twelve month high of $80.35. The firm has a market cap of $57.11 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 3.27 and a beta of 1.16.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.57 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Schlumberger will post 1.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 5th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $2.00 dividend on an annualized basis and a yield of 4.84%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

In other news, EVP Patrick Schorn bought 10,000 shares of Schlumberger stock in a transaction on Thursday, December 20th. The shares were bought at an average price of $37.55 per share, with a total value of $375,500.00. Following the acquisition, the executive vice president now directly owns 35,000 shares in the company, valued at approximately $1,314,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Simon Ayat sold 60,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the transaction, the chief financial officer now directly owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SLB. BRYN MAWR TRUST Co lifted its holdings in Schlumberger by 5.2% during the 2nd quarter. BRYN MAWR TRUST Co now owns 107,538 shares of the oil and gas company’s stock worth $7,208,000 after buying an additional 5,337 shares during the last quarter. Luminus Management LLC bought a new stake in shares of Schlumberger in the 2nd quarter worth approximately $5,027,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Schlumberger in the 2nd quarter worth approximately $376,000. Flagship Harbor Advisors LLC lifted its holdings in shares of Schlumberger by 39.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 7,586 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Schlumberger by 238.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 84,700 shares of the oil and gas company’s stock worth $5,677,000 after purchasing an additional 59,700 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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