Schlumberger (SLB) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Schlumberger (NYSE: SLB):

  • 11/11/2022 – Schlumberger was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 11/8/2022 – Schlumberger had its price target raised by analysts at Royal Bank of Canada from $59.00 to $66.00. They now have an “outperform” rating on the stock.
  • 11/7/2022 – Schlumberger had its price target raised by analysts at Morgan Stanley from $52.00 to $55.00. They now have an “overweight” rating on the stock.
  • 10/27/2022 – Schlumberger had its price target raised by analysts at HSBC Holdings plc to $56.80.
  • 10/27/2022 – Schlumberger had its price target raised by analysts at Benchmark Co. to $58.00.
  • 10/26/2022 – Schlumberger had its price target raised by analysts at Wells Fargo & Company from $51.00 to $69.00. They now have an “overweight” rating on the stock.
  • 10/26/2022 – Schlumberger had its price target raised by analysts at Barclays PLC from $61.00 to $62.00. They now have an “overweight” rating on the stock.
  • 10/25/2022 – Schlumberger had its price target raised by analysts at The Goldman Sachs Group, Inc. from $46.00 to $55.00. They now have a “buy” rating on the stock.
  • 10/24/2022 – Schlumberger had its price target raised by analysts at Susquehanna Bancshares, Inc. from $52.00 to $59.00. They now have a “positive” rating on the stock.
  • 10/24/2022 – Schlumberger had its price target raised by analysts at Susquehanna from $52.00 to $59.00. They now have a “positive” rating on the stock.
  • 10/24/2022 – Schlumberger had its price target raised by analysts at Morgan Stanley from $48.00 to $52.00. They now have an “overweight” rating on the stock.
  • 10/24/2022 – Schlumberger had its price target raised by analysts at Royal Bank of Canada from $57.00 to $59.00. They now have an “outperform” rating on the stock.
  • 10/24/2022 – Schlumberger had its price target raised by analysts at Citigroup Inc. from $50.00 to $60.00. They now have a “buy” rating on the stock.
  • 10/19/2022 – Schlumberger is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $59.00 price target on the stock.
  • 10/13/2022 – Schlumberger had its price target raised by analysts at Morgan Stanley from $45.00 to $48.00. They now have an “overweight” rating on the stock.
  • 10/12/2022 – Schlumberger is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 10/11/2022 – Schlumberger was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 10/7/2022 – Schlumberger had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $50.00 price target on the stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $54.07 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.03. Schlumberger Limited has a 1-year low of $27.65 and a 1-year high of $56.04. The company has a market capitalization of $76.67 billion, a P/E ratio of 26.00, a P/E/G ratio of 0.65 and a beta of 1.87. The firm’s 50 day simple moving average is $44.00 and its two-hundred day simple moving average is $40.60.

Schlumberger (NYSE:SLBGet Rating) last released its earnings results on Friday, October 21st. The oil and gas company reported $0.63 EPS 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 the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. Research analysts expect that Schlumberger Limited will post 2.13 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Wednesday, December 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, December 6th. Schlumberger’s dividend payout ratio is presently 33.65%.

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 shares were sold at an average price of $15.33, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Schlumberger news, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $15.33, for a total transaction of $189,593,775.00. Following the sale, the insider now directly owns 10,701,961 shares of the company’s stock, valued at $164,061,062.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Fyfe sold 6,095 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $53.00, for a total value of $323,035.00. Following the sale, the vice president now directly owns 35,535 shares in the company, valued at $1,883,355. The disclosure for this sale can be found here. Insiders have sold a total of 12,393,648 shares of company stock valued at $190,979,619 over the last 90 days. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of Schlumberger during the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC boosted its holdings in shares of Schlumberger by 95.6% in the first quarter. JFS Wealth Advisors LLC now owns 618 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 302 shares during the period. WD Rutherford LLC purchased a new stake in shares of Schlumberger in the first quarter valued at approximately $26,000. Clearview Wealth Advisors LLC boosted its holdings in shares of Schlumberger by 1,346.0% in the third quarter. Clearview Wealth Advisors LLC now owns 723 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 673 shares during the period. Finally, Castle Wealth Management LLC purchased a new stake in Schlumberger during the second quarter worth $27,000. Institutional investors own 78.71% of the company’s stock.

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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