Goldman Sachs Group, Inc. (The) reaffirmed their conviction-buy rating on shares of Schlumberger N.V. (NYSE:SLB) in a research note released on Saturday.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Schlumberger N.V. from a sell rating to a hold rating in a research report on Thursday. BMO Capital Markets reaffirmed a buy rating and issued a $74.00 price objective (down from $89.00) on shares of Schlumberger N.V. in a research report on Thursday, July 13th. Wells Fargo & Company reaffirmed an outperform rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Scotiabank set a $90.00 price objective on Schlumberger N.V. and gave the company a buy rating in a research report on Friday, July 7th. Finally, Sanford C. Bernstein raised Schlumberger N.V. from a market perform rating to an outperform rating and lowered their price objective for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $88.77.
Shares of Schlumberger N.V. (SLB) traded down 0.73% during mid-day trading on Friday, reaching $66.53. The company had a trading volume of 10,910,320 shares. The company has a market capitalization of $92.44 billion, a price-to-earnings ratio of 391.35 and a beta of 1.02. The company has a 50 day moving average price of $67.06 and a 200 day moving average price of $75.68. Schlumberger N.V. has a one year low of $64.15 and a one year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data 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 business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts anticipate that Schlumberger N.V. will post $1.42 EPS for the current year.
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In related news, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the transaction, the president now owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter L. S. Currie purchased 3,625 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $69.02 per share, with a total value of $250,197.50. Following the acquisition, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Architects LLC increased its stake in shares of Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 13 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 18 shares during the last quarter. Syntal Capital Partners LLC increased its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 29 shares during the last quarter. STA Wealth Management LLC increased its stake in shares of Schlumberger N.V. by 0.3% in the fourth quarter. STA Wealth Management LLC now owns 10,070 shares of the oil and gas company’s stock valued at $845,000 after buying an additional 30 shares during the last quarter. Finally, Family Legacy Inc. increased its stake in shares of Schlumberger N.V. by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 30 shares during the last quarter. 79.41% of the stock is owned by hedge funds and other institutional investors.
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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