Schlumberger Limited (NYSE:SLB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Schlumberger Limited (NYSE:SLBGet Rating) have received an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $53.47.

Several research firms have recently issued reports on SLB. HSBC increased their price objective on shares of Schlumberger to $56.80 in a report on Thursday, October 27th. Jefferies Financial Group started coverage on shares of Schlumberger in a research report on Wednesday, October 19th. They issued a “buy” rating and a $59.00 target price for the company. Wells Fargo & Company raised their price target on shares of Schlumberger from $51.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Barclays lifted their target price on shares of Schlumberger from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $50.00 price target on shares of Schlumberger in a research report on Friday, October 7th.

Insider Activity at Schlumberger

In other Schlumberger news, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of $15.33, for a total value of $189,593,775.00. Following the completion of the transaction, the insider now owns 10,701,961 shares in the company, valued at $164,061,062.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Schlumberger news, VP Kevin Fyfe sold 6,095 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $53.00, for a total value of $323,035.00. Following the transaction, the vice president now directly owns 35,535 shares of the company’s stock, valued at $1,883,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $15.33, for a total value of $189,593,775.00. Following the completion of the transaction, the insider now directly owns 10,701,961 shares in the company, valued at approximately $164,061,062.13. The disclosure for this sale can be found here. Insiders sold a total of 12,393,648 shares of company stock worth $190,979,619 over the last quarter. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of Schlumberger

A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in Schlumberger during the 1st quarter valued at $25,000. JFS Wealth Advisors LLC boosted its position in Schlumberger by 95.6% during the first quarter. JFS Wealth Advisors LLC now owns 618 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 302 shares in the last quarter. WD Rutherford LLC acquired a new position in shares of Schlumberger during the first quarter valued at approximately $26,000. Clearview Wealth Advisors LLC raised its holdings in shares of Schlumberger by 1,346.0% during the third quarter. Clearview Wealth Advisors LLC now owns 723 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 673 shares during the last quarter. Finally, Castle Wealth Management LLC acquired a new stake in shares of Schlumberger in the second quarter valued at approximately $27,000. Institutional investors own 78.71% of the company’s stock.

Schlumberger Stock Performance

Shares of SLB stock opened at $53.10 on Friday. Schlumberger has a 12 month low of $27.65 and a 12 month high of $55.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.03. The firm has a market capitalization of $75.30 billion, a P/E ratio of 25.53, a P/E/G ratio of 0.56 and a beta of 1.87. The company’s fifty day moving average price is $43.34 and its two-hundred day moving average price is $40.38.

Schlumberger (NYSE:SLBGet Rating) last released its quarterly earnings data on Friday, October 21st. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. Schlumberger had a net margin of 11.26% and a return on equity of 16.58%. The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. Schlumberger’s quarterly revenue was up 27.9% on a year-over-year basis. On average, research analysts anticipate that Schlumberger will post 2.13 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Wednesday, December 7th will be given a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.70 annualized dividend and a yield of 1.32%. Schlumberger’s payout ratio is currently 33.65%.

Schlumberger Company Profile

(Get Rating)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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