Schlumberger N.V. (NYSE:SLB) has been given an average recommendation of “Buy” by the thirty-two brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $81.04.
Several brokerages have recently weighed in on SLB. FBR & Co restated a “buy” rating on shares of Schlumberger N.V. in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price objective (down previously from $86.00) on shares of Schlumberger N.V. in a research report on Monday, October 16th. BMO Capital Markets downgraded shares of Schlumberger N.V. from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $74.00 to $72.00 in a research report on Wednesday, October 11th. Deutsche Bank AG began coverage on shares of Schlumberger N.V. in a research report on Tuesday, October 10th. They set a “buy” rating and a $78.00 price objective for the company. Finally, Cowen and Company set a $80.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, October 6th.
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Schlumberger N.V. (NYSE SLB) traded down 2.09% during midday trading on Wednesday, reaching $63.15. 19,259,629 shares of the company were exchanged. The firm has a 50-day moving average price of $67.31 and a 200-day moving average price of $68.66. The company has a market capitalization of $87.43 billion, a PE ratio of 497.24 and a beta of 1.05. Schlumberger N.V. has a 52 week low of $61.40 and a 52 week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
In related news, Director Helge Lund purchased 2,800 shares of the stock in a transaction dated 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
Large investors have recently bought and sold shares of the company. Aviance Capital Management LLC acquired a new stake in Schlumberger N.V. in the 2nd quarter valued at about $100,000. Tradewinds Capital Management LLC grew its stake in Schlumberger N.V. by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger N.V. in the 2nd quarter valued at about $107,000. MCF Advisors LLC grew its stake in Schlumberger N.V. by 130.3% in the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 915 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its stake in Schlumberger N.V. by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares during the last quarter. 78.85% of the stock is currently 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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