Schlumberger (NYSE:SLB) Stock Rating Reaffirmed by Susquehanna

Schlumberger (NYSE:SLB)‘s stock had its “positive” rating restated by Susquehanna in a report released on Monday, Benzinga reports. They presently have a $77.00 price objective on the oil and gas company’s stock. Susquehanna’s price objective would suggest a potential upside of 55.40% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Bank of America cut their target price on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a research note on Monday. Barclays dropped their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Royal Bank of Canada increased their target price on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Schlumberger Stock Performance

NYSE:SLB opened at $49.55 on Monday. The firm’s fifty day moving average price is $51.68 and its 200 day moving average price is $52.28. Schlumberger has a 1-year low of $42.73 and a 1-year high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The firm has a market cap of $70.73 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that Schlumberger will post 3.51 EPS for the current year.

Insider Activity at Schlumberger

In related news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,768 shares of company stock valued at $5,511,037. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Schlumberger by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 132,281,480 shares of the oil and gas company’s stock worth $6,883,928,000 after acquiring an additional 1,753,108 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings 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 worth $3,922,768,000 after purchasing an additional 8,617,971 shares during the last quarter. Capital World Investors lifted its holdings in Schlumberger by 2.2% in the 4th quarter. Capital World Investors now owns 51,617,471 shares of the oil and gas company’s stock worth $2,686,173,000 after purchasing an additional 1,133,686 shares during the last quarter. FMR LLC lifted its holdings in Schlumberger by 1.1% in the 3rd quarter. FMR LLC now owns 27,171,516 shares of the oil and gas company’s stock worth $1,584,099,000 after purchasing an additional 282,709 shares during the last quarter. Finally, Norges Bank acquired a new stake in Schlumberger in the 4th quarter worth approximately $1,000,292,000. Institutional investors own 81.99% of the company’s stock.

About Schlumberger

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.