Media stories about Schlumberger N.V. (NYSE:SLB) have been trending positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Schlumberger N.V. earned a news impact score of 0.27 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 74 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Schlumberger NV breached its 50 day moving average in a Bullish Manner : SLB-US : July 28, 2017 (finance.yahoo.com)
- Schlumberger asks Russia antimonopoly body to OK Eurasia Drilling deal -Ifax (SLB) – Markets Insider (markets.businessinsider.com)
- Cambiar Investors LLC Buys A Lot More Schlumberger NV (SLB) Stock – Highlight Press (highlightpress.com)
- Earnings Review and Free Research Report: Schlumberger’s Net Loss Narrowed Significantly; Outperformed Revenue and Earnings Expectations (finance.yahoo.com)
- Ecuador says clinches new payment deal with Schlumberger (feeds.reuters.com)
Schlumberger N.V. (SLB) opened at 68.46 on Friday. The stock’s 50 day moving average price is $66.73 and its 200-day moving average price is $74.96. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The firm has a market cap of $94.78 billion, a PE ratio of 539.06 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.
A number of equities analysts have issued reports on the company. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Seaport Global Securities restated a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. BidaskClub cut Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday. Jefferies Group LLC restated a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Finally, Instinet reaffirmed a “buy” rating and set a $78.00 price target (down previously from $85.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Schlumberger N.V. currently has a consensus rating of “Buy” and a consensus target price of $86.40.
In other news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $349,100. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Schlumberger N.V. Company Profile
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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