Schlumberger Limited (NYSE:SLB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Schlumberger Limited (NYSE:SLB) have earned an average rating of “Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $35.00.

SLB has been the subject of a number of research analyst reports. Barclays restated an “overweight” rating and set a $48.00 price objective (up from $38.00) on shares of Schlumberger in a report on Monday, October 25th. Zacks Investment Research downgraded Schlumberger from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, October 27th. Oddo Bhf began coverage on Schlumberger in a research note on Thursday, October 14th. They set an “outperform” rating and a $44.50 target price for the company. JPMorgan Chase & Co. upgraded Schlumberger from a “neutral” rating to an “overweight” rating and raised their target price for the company from $28.00 to $37.00 in a research note on Thursday, October 7th. Finally, Oddo Securities initiated coverage on shares of Schlumberger in a research report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price target on the stock.

Shares of NYSE:SLB opened at $37.81 on Friday. The business’s 50 day simple moving average is $31.44 and its 200-day simple moving average is $30.45. The firm has a market capitalization of $53.03 billion, a price-to-earnings ratio of 32.32 and a beta of 2.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.27 and a quick ratio of 0.93. Schlumberger has a 12 month low of $21.23 and a 12 month high of $37.90.

Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, October 21st. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 11.90% and a net margin of 7.44%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company earned $0.16 EPS. Schlumberger’s revenue was up 11.2% on a year-over-year basis. On average, equities analysts anticipate that Schlumberger will post 1.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 13th. Investors of record on Wednesday, December 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 1.32%. Schlumberger’s payout ratio is currently 42.74%.

In other news, insider Dianne B. Ralston sold 12,885 shares of the company’s stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $31.04, for a total transaction of $399,950.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Schlumberger by 13.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 258,281 shares of the oil and gas company’s stock worth $8,268,000 after acquiring an additional 30,278 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Schlumberger by 31.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 80,291 shares of the oil and gas company’s stock worth $2,570,000 after purchasing an additional 19,024 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Schlumberger by 1.6% during the second quarter. Principal Financial Group Inc. now owns 1,956,708 shares of the oil and gas company’s stock worth $62,634,000 after purchasing an additional 29,922 shares during the last quarter. National Asset Management Inc. boosted its holdings in Schlumberger by 40.4% during the second quarter. National Asset Management Inc. now owns 26,487 shares of the oil and gas company’s stock worth $822,000 after purchasing an additional 7,617 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in Schlumberger by 4.2% in the second quarter. Moors & Cabot Inc. now owns 59,272 shares of the oil and gas company’s stock valued at $1,897,000 after acquiring an additional 2,364 shares during the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Company Profile

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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