Schlumberger Limited (NYSE:SLB) Receives $70.67 Consensus Price Target from Analysts

Shares of Schlumberger Limited (NYSE:SLBGet Free Report) have been given an average recommendation of “Buy” by the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.67.

SLB has been the topic of several recent research reports. Barclays reduced their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Stifel Nicolaus upped their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Raymond James upped their price objective on Schlumberger from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Schlumberger in a research note on Monday, January 22nd. Finally, Wells Fargo & Company upped their target price on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd.

View Our Latest Report on Schlumberger

Insiders Place Their Bets

In other news, insider Gavin Rennick sold 6,675 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.88, for a total value of $352,974.00. Following the completion of the sale, the insider now owns 39,958 shares of the company’s stock, valued at $2,112,979.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Gavin Rennick sold 6,675 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.88, for a total value of $352,974.00. Following the completion of the sale, the insider now owns 39,958 shares of the company’s stock, valued at $2,112,979.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The disclosure for this sale can be found here. Insiders sold 135,116 shares of company stock worth $6,923,671 over the last three months. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. BluePath Capital Management LLC bought a new position in Schlumberger during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC bought a new position in Schlumberger during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger during the 4th quarter worth approximately $26,000. Coppell Advisory Solutions LLC bought a new position in Schlumberger during the 2nd quarter worth approximately $27,000. Finally, MCF Advisors LLC lifted its holdings in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after buying an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Schlumberger Stock Down 0.6 %

Shares of NYSE:SLB opened at $48.00 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. Schlumberger has a 52-week low of $42.73 and a 52-week high of $62.12. The stock’s fifty day simple moving average is $50.79 and its 200-day simple moving average is $55.15. The company has a market capitalization of $68.52 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.87 and a beta of 1.61.

Schlumberger (NYSE:SLBGet Free Report) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $8.96 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts forecast that Schlumberger will post 3.54 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 annualized dividend and a yield of 2.08%. Schlumberger’s dividend payout ratio is presently 34.25%.

About Schlumberger

(Get Free Report

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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