Schlumberger N.V. (NYSE:SLB) received a $80.00 price objective from equities research analysts at Cowen and Company in a research report issued on Friday. The firm presently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price target would suggest a potential upside of 17.06% from the company’s previous close.
SLB has been the topic of several other reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Morgan Stanley raised their price objective on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $80.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Scotiabank set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and a consensus price target of $84.52.
Schlumberger N.V. (SLB) opened at 68.34 on Friday. The company’s 50-day moving average price is $66.39 and its 200 day moving average price is $69.47. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The firm has a market capitalization of $94.62 billion, a PE ratio of 538.11 and a beta of 1.05.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. On average, equities analysts anticipate that Schlumberger N.V. will post $1.52 EPS for the current year.
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In other news, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Valley National Advisers Inc. grew its stake in Schlumberger N.V. by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares in the last quarter. Wealth Architects LLC grew its stake in Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 18 shares in the last quarter. Syntal Capital Partners LLC grew its stake in Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock worth $439,000 after purchasing an additional 29 shares in the last quarter. Finally, Family Legacy Inc. grew its stake in Schlumberger N.V. by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
Schlumberger N.V. Company Profile
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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