Schlumberger Limited. (SLB) Receives Average Recommendation of “Buy” from Brokerages

Shares of Schlumberger Limited. (NYSE:SLB) have received a consensus recommendation of “Buy” from the twenty-seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $70.11.

Several analysts have recently issued reports on the stock. Citigroup decreased their target price on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, January 4th. Zacks Investment Research restated a “strong sell” rating on shares of Schlumberger in a research report on Monday, December 31st. Credit Suisse Group cut shares of Schlumberger from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $65.00 to $44.00 in a research report on Wednesday, December 19th. Barclays set a $58.00 target price on shares of Schlumberger and gave the company a “hold” rating in a research report on Monday, December 10th. Finally, JPMorgan Chase & Co. cut shares of Schlumberger from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $73.00 to $48.00 in a research report on Tuesday, December 11th.

In other Schlumberger news, CFO Simon Ayat sold 60,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick Schorn bought 10,000 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was bought at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the purchase, the executive vice president now directly owns 35,000 shares in the company, valued at $1,314,250. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Highwater Wealth Management LLC bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $45,000. IMS Capital Management bought a new position in shares of Schlumberger during the third quarter valued at approximately $46,000. Mainstay Capital Management LLC ADV boosted its stake in shares of Schlumberger by 3,884.1% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 6,603 shares in the last quarter. Zions Bancorporation bought a new position in shares of Schlumberger during the third quarter valued at approximately $131,000. Finally, Truvestments Capital LLC bought a new position in shares of Schlumberger during the third quarter valued at approximately $132,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Shares of SLB stock opened at $41.65 on Friday. The firm has a market capitalization of $54.13 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 0.96 and a beta of 1.16. Schlumberger has a 52 week low of $34.99 and a 52 week high of $80.35. 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 (NYSE:SLB) last announced its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. As a group, equities analysts expect that Schlumberger will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Wednesday, December 5th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $2.00 annualized dividend and a yield of 4.80%. Schlumberger’s payout ratio is 133.33%.

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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