Schlumberger (NYSE:SLB) Stock Rating Reaffirmed by The Goldman Sachs Group

Schlumberger (NYSE:SLBGet Free Report)‘s stock had its “buy” rating reiterated by The Goldman Sachs Group in a research report issued to clients and investors on Monday, Benzinga reports.

SLB has been the topic of a number of other research reports. Wells Fargo & Company increased their price target on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Stifel Nicolaus increased their price target on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Monday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Schlumberger in a research note on Thursday, February 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $77.00 price target on shares of Schlumberger in a research note on Tuesday, February 13th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.87.

View Our Latest Analysis on Schlumberger

Schlumberger Stock Performance

Shares of SLB opened at $54.67 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $78.04 billion, a P/E ratio of 18.72, a PEG ratio of 0.98 and a beta of 1.60. The company has a 50-day moving average of $50.69 and a two-hundred day moving average of $52.99. Schlumberger has a 12-month low of $42.73 and a 12-month high of $62.12.

Schlumberger (NYSE:SLBGet Free Report) last announced 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. The business had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. As a group, research analysts predict that Schlumberger will post 3.54 EPS for the current fiscal year.

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Kevin Fyfe sold 20,223 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.05, for a total value of $1,052,607.15. Following the transaction, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,623,855.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. In the last three months, insiders sold 172,191 shares of company stock valued at $8,636,322. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SLB. Norges Bank bought a new position in shares of Schlumberger in the 4th quarter worth about $1,000,292,000. Price T Rowe Associates Inc. MD lifted its position in Schlumberger by 12.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,379,848 shares of the oil and gas company’s stock valued at $3,922,768,000 after purchasing an additional 8,617,971 shares during the last quarter. Winslow Capital Management LLC lifted its position in Schlumberger by 123,063.5% in the 4th quarter. Winslow Capital Management LLC now owns 4,347,671 shares of the oil and gas company’s stock valued at $226,253,000 after purchasing an additional 4,344,141 shares during the last quarter. Legal & General Group Plc lifted its position in Schlumberger by 25.9% in the 4th quarter. Legal & General Group Plc now owns 11,742,455 shares of the oil and gas company’s stock valued at $611,077,000 after purchasing an additional 2,412,610 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Schlumberger by 79.7% in the 3rd quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock valued at $286,835,000 after purchasing an additional 2,182,706 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

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, and 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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