Schlumberger Limited (NYSE:SLB) Receives Average Recommendation of “Buy” from Analysts

Shares of Schlumberger Limited (NYSE:SLB) have earned an average rating of “Buy” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $70.31.

Several equities research analysts have weighed in on SLB shares. Stifel Nicolaus increased their price target on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company lifted their target price on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Susquehanna restated a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research note on Monday, April 8th. HSBC restated a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a research note on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a research report on Wednesday, April 3rd.

Schlumberger Stock Performance

Shares of SLB opened at $50.94 on Friday. Schlumberger has a 12 month low of $42.73 and a 12 month high of $62.12. The stock has a fifty day moving average price of $51.56 and a 200-day moving average price of $52.48. 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 firm has a market cap of $72.71 billion, a PE ratio of 17.45, a P/E/G ratio of 0.98 and a beta of 1.60.

Schlumberger (NYSE:SLB) last released its earnings results 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 firm 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 firm earned $0.71 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Schlumberger will post 3.52 earnings per share for the current fiscal year.

Insider Transactions at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the transaction, the executive vice president now owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in Schlumberger in the third quarter valued at approximately $25,000. Acadian Asset Management LLC acquired a new stake in Schlumberger in the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Schlumberger in the fourth quarter valued at approximately $26,000. Register Financial Advisors LLC acquired a new stake in Schlumberger in the first quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Schlumberger in the second quarter valued at approximately $27,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Company Profile

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.