Atlantic Securities downgraded shares of Schlumberger N.V. (NYSE:SLB) from an overweight rating to a neutral rating in a research report released on Tuesday, June 27th, MarketBeat reports. The brokerage currently has $68.00 price target on the oil and gas company’s stock, down from their previous price target of $86.00.
Other equities research analysts also recently issued research reports about the stock. Evercore ISI set a $93.00 price objective on shares of Schlumberger N.V. and gave the stock a buy rating in a research note on Saturday, April 22nd. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the stock a buy rating in a research report on Friday, June 16th. SunTrust Banks, Inc. reduced their target price on Schlumberger N.V. from $92.00 to $82.00 and set a hold rating for the company in a research report on Tuesday, April 25th. Cowen and Company reaffirmed an outperform rating and issued a $99.00 target price on shares of Schlumberger N.V. in a research report on Tuesday, April 25th. Finally, Stephens reissued an overweight rating and set a $89.00 price objective on shares of Schlumberger N.V. in a report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $88.85.
Shares of Schlumberger N.V. (NYSE SLB) opened at 66.83 on Tuesday. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84. The stock’s market cap is $92.86 billion. The company’s 50-day moving average is $68.98 and its 200 day moving average is $77.62.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. Schlumberger N.V.’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. Analysts forecast that Schlumberger N.V. will post $1.43 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.00 annualized dividend and a yield of 2.99%. Schlumberger N.V.’s dividend payout ratio is presently -144.93%.
In related news, Director Peter L. S. Currie purchased 3,625 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the purchase, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. acquired a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $101,000. Tradewinds Capital Management LLC boosted its stake in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. American Research & Management Co. boosted its stake in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Rocky Mountain Advisers LLC boosted its stake in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares in the last quarter. 79.41% of the stock is owned by institutional investors.
About Schlumberger N.V.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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