Schlumberger (NYSE:SLB) Stock Rating Reaffirmed by Susquehanna

Schlumberger (NYSE:SLB)‘s stock had its “positive” rating reaffirmed by Susquehanna in a report issued on Monday, Benzinga reports. They currently have a $77.00 target price on the oil and gas company’s stock. Susquehanna’s target price suggests a potential upside of 55.40% from the company’s previous close.

A number of other research firms have also commented on SLB. TD Cowen decreased their price objective on Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus increased their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays reduced their target price on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Wells Fargo & Company increased their target price on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $69.67.

Schlumberger Stock Up 0.1 %

Schlumberger stock opened at $49.55 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market capitalization of $70.73 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. Schlumberger has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The stock’s fifty day moving average is $51.68 and its two-hundred day moving average is $52.28.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Analysts predict that Schlumberger will post 3.51 EPS for the current fiscal year.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $52.05, for a total value of $1,052,607.15. Following the completion of the transaction, the vice president now owns 31,198 shares in the company, valued at approximately $1,623,855.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Insiders sold a total of 110,768 shares of company stock worth $5,511,037 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SLB. Norges Bank acquired a new position in shares of Schlumberger in the 4th quarter worth approximately $1,000,292,000. Price T Rowe Associates Inc. MD boosted its position in Schlumberger by 12.9% during the 4th 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 purchasing an additional 8,617,971 shares during the period. Winslow Capital Management LLC boosted its position in Schlumberger by 123,063.5% during the 4th quarter. Winslow Capital Management LLC now owns 4,347,671 shares of the oil and gas company’s stock valued at $226,253,000 after purchasing an additional 4,344,141 shares during the period. Royal Bank of Canada boosted its position in Schlumberger by 79.7% during the 3rd quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock valued at $286,835,000 after purchasing an additional 2,182,706 shares during the period. Finally, Sanders Capital LLC raised its stake in Schlumberger by 34.9% during the 3rd quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock valued at $469,693,000 after acquiring an additional 2,085,506 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Schlumberger

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.