Schlumberger Limited (NYSE:SLB) Receives Consensus Recommendation of “Buy” from Brokerages

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

Several equities research analysts recently commented on SLB shares. Stifel Nicolaus upped their price target on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Wells Fargo & Company upped their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Susquehanna restated a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research report on Monday, April 8th. Finally, HSBC restated a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th.

Insider Activity at Schlumberger

In related 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 value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $2,426,000.00. Following the completion of the transaction, the executive vice president now 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 three months, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Schlumberger

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Schlumberger by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 132,281,480 shares of the oil and gas company’s stock valued at $6,883,928,000 after buying an additional 1,753,108 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Schlumberger by 12.9% in the fourth 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 buying an additional 8,617,971 shares in the last quarter. Capital World Investors boosted its position in Schlumberger by 2.2% in the fourth quarter. Capital World Investors now owns 51,617,471 shares of the oil and gas company’s stock valued at $2,686,173,000 after buying an additional 1,133,686 shares in the last quarter. FMR LLC boosted its position in Schlumberger by 1.1% in the third quarter. FMR LLC now owns 27,171,516 shares of the oil and gas company’s stock valued at $1,584,099,000 after buying an additional 282,709 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Schlumberger by 1.6% in the first quarter. Geode Capital Management LLC now owns 25,347,967 shares of the oil and gas company’s stock valued at $1,241,319,000 after buying an additional 401,606 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Stock Up 0.3 %

SLB stock opened at $50.94 on Friday. Schlumberger has a 12 month low of $42.73 and a 12 month high of $62.12. 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. The firm has a 50 day simple moving average of $51.56 and a 200 day simple moving average of $52.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. Equities research analysts forecast that Schlumberger will post 3.52 earnings per share for the current fiscal year.

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.