Schlumberger N.V. (NYSE:SLB) received a $86.00 price objective from research analysts at Royal Bank Of Canada in a research note issued on Saturday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 25.84% from the company’s previous close.
A number of other research firms have also recently issued reports on SLB. Jefferies Group LLC set a $80.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub cut shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Citigroup Inc. lifted their target price on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company reiterated an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Finally, Barclays PLC cut shares of Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $98.00 to $73.00 in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. presently has an average rating of “Buy” and a consensus price target of $83.84.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 68.34 on Friday. The firm’s 50-day moving average price is $66.39 and its 200 day moving average price is $69.47. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The firm has a market cap of $94.62 billion, a PE ratio of 538.11 and a beta of 1.05.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. Schlumberger N.V.’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Schlumberger N.V. will post $1.52 EPS for the current year.
In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the stock in a transaction on Monday, July 24th. The stock was purchased at an average price of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Marks bought 8,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost 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 insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aviance Capital Management LLC bought a new position in shares of Schlumberger N.V. during the second quarter worth $100,000. Tradewinds Capital Management LLC boosted its position in shares of Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger N.V. during the second quarter worth $107,000. MCF Advisors LLC boosted its position in shares of Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 915 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its position in shares of Schlumberger N.V. by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.
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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