BidaskClub downgraded shares of Schlumberger N.V. (NYSE:SLB) from a sell rating to a strong sell rating in a research note published on Thursday morning.
Several other analysts also recently weighed in on SLB. Jefferies Group LLC restated a buy rating and set a $99.00 price objective on shares of Schlumberger N.V. in a research report on Thursday, April 6th. Zacks Investment Research upgraded Schlumberger N.V. from a sell rating to a hold rating in a research report on Tuesday, April 18th. Deutsche Bank AG dropped their price objective on Schlumberger N.V. from $101.00 to $100.00 and set a buy rating for the company in a research report on Tuesday, April 18th. HSBC Holdings plc initiated coverage on Schlumberger N.V. in a research report on Wednesday, April 19th. They set a hold rating and a $90.00 price objective for the company. Finally, SunTrust Banks, Inc. upgraded Schlumberger N.V. from a hold rating to a buy rating and set a $92.00 price objective for the company in a research report on Thursday, April 20th. 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 stock. The company presently has an average rating of Buy and an average price target of $86.40.
Shares of Schlumberger N.V. (NYSE SLB) traded up 1.00% on Thursday, hitting $68.46. The company’s stock had a trading volume of 10,545,593 shares. 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 52 week low of $64.15 and a 52 week high of $87.84. The firm has a market cap of $94.78 billion, a price-to-earnings ratio of 539.06 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the firm posted $0.23 EPS. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.92%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
In other Schlumberger N.V. news, Director Peter L. S. Currie bought 3,625 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the purchase, the director now directly owns 31,550 shares of the company’s stock, valued at approximately $2,177,581. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helge Lund bought 2,800 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SLB. Wealth Architects LLC boosted its stake in 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 in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in 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 in the last quarter. Syntal Capital Partners LLC boosted its stake in 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 in the last quarter. STA Wealth Management LLC boosted its stake in 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 in the last quarter. Finally, Family Legacy Inc. boosted its stake in 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 in the last quarter. 79.22% of the stock is owned by institutional investors and hedge funds.
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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