Schlumberger (NYSE:SLB) Rating Reiterated by Benchmark

Schlumberger (NYSE:SLB)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a research note issued to investors on Monday, Benzinga reports. They presently have a $68.00 price target on the oil and gas company’s stock. Benchmark’s price objective suggests a potential upside of 37.24% from the stock’s current price.

A number of other brokerages have also commented on SLB. Wells Fargo & Company lifted their price target on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Royal Bank of Canada lifted their target price on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Bank of America lowered their target price on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Monday. Finally, Susquehanna reissued a “positive” rating and set a $77.00 target price on shares of Schlumberger in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Schlumberger Stock Up 0.1 %

Shares of SLB opened at $49.55 on Monday. Schlumberger has a 12 month low of $42.73 and a 12 month high of $62.12. The firm’s 50 day moving average is $51.68 and its 200-day moving average is $52.28. The stock has a market capitalization of $70.73 billion, a PE ratio of 16.46, a P/E/G ratio of 0.95 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Schlumberger will post 3.51 EPS for the current year.

Insider Buying and Selling

In related news, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at $11,816,212.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at $11,816,212.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction dated 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. Over the last ninety days, insiders have sold 110,768 shares of company stock worth $5,511,037. 0.26% of the stock is owned by insiders.

Institutional Trading of Schlumberger

Several hedge funds and other institutional investors have recently modified their holdings of SLB. BluePath Capital Management LLC bought a new stake in shares of Schlumberger in the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Schlumberger during the 4th quarter worth approximately $26,000. Register Financial Advisors LLC bought a new stake in Schlumberger during the 1st quarter worth approximately $27,000. MCF Advisors LLC increased its holdings in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 461 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in shares of Schlumberger in the 4th quarter worth $32,000. Institutional investors own 81.99% of the company’s stock.

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.