Schlumberger N.V. (SLB) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Schlumberger N.V. (NYSE:SLB) from a strong sell rating to a sell rating in a report published on Wednesday, August 2nd.

SLB has been the subject of several other research reports. Barclays PLC reissued an overweight rating and issued a $107.00 price objective on shares of Schlumberger N.V. in a research note on Monday, April 24th. Wells Fargo & Company reissued an outperform rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Guggenheim downgraded shares of Schlumberger N.V. from a buy rating to a neutral rating in a research note on Tuesday, June 27th. Sanford C. Bernstein raised shares of Schlumberger N.V. from a market perform rating to an outperform rating and decreased their price objective for the stock from $94.00 to $80.00 in a research note on Thursday, July 6th. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) reissued a conviction-buy rating on shares of Schlumberger N.V. in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $86.40.

Schlumberger N.V. (SLB) traded down 0.89% on Wednesday, hitting $63.83. The company had a trading volume of 4,627,489 shares. The stock has a market capitalization of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02. Schlumberger N.V. has a one year low of $63.74 and a one year high of $87.84. The stock has a 50 day moving average of $66.44 and a 200-day moving average of $73.68.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other Schlumberger N.V. news, Director Peter L. S. Currie bought 3,625 shares of Schlumberger N.V. stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the acquisition, the director now directly owns 31,550 shares in the company, valued at $2,177,581. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the sale, the director now owns 5,000 shares in the company, valued at $349,100. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised 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 buying an additional 8 shares during the period. Wealth Architects LLC increased its stake in shares of 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 buying an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of 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 buying an additional 18 shares in the last quarter. Syntal Capital Partners LLC increased its stake in shares of 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 buying an additional 29 shares in the last quarter. Finally, Family Legacy Inc. increased its stake in shares of 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 buying an additional 30 shares in the last quarter. Institutional investors own 79.14% 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.

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

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