SLB Limited (NYSE:SLB) Receives $51.28 Average Price Target from Analysts

SLB Limited (NYSE:SLB) has received an average recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.2778.

A number of brokerages have weighed in on SLB. Redburn Partners set a $48.00 price target on SLB in a research report on Monday, November 3rd. Melius Research assumed coverage on SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Rothschild & Co Redburn started coverage on SLB in a report on Monday, November 3rd. They set a “buy” rating and a $48.00 price target for the company. Finally, Melius began coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company.

Insider Buying and Selling at SLB

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the transaction, the executive vice president owned 159,371 shares in the company, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the sale, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 138,174 shares of company stock valued at $5,107,677 in the last three months. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SLB. Twin Peaks Wealth Advisors LLC bought a new position in SLB during the second quarter worth about $25,000. Atlas Capital Advisors Inc. acquired a new position in shares of SLB during the 1st quarter worth approximately $33,000. Root Financial Partners LLC acquired a new position in shares of SLB during the 3rd quarter worth approximately $29,000. Atticus Wealth Management LLC bought a new position in shares of SLB during the second quarter worth approximately $29,000. Finally, Corsicana & Co. acquired a new stake in shares of SLB in the third quarter valued at approximately $31,000. Institutional investors own 81.99% of the company’s stock.

SLB Price Performance

Shares of SLB opened at $35.83 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $35.03 and its 200 day simple moving average is $34.79. SLB has a 1-year low of $31.11 and a 1-year high of $44.97. The company has a market cap of $53.53 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. On average, research analysts forecast that SLB will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. SLB’s payout ratio is presently 44.02%.

SLB 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.