Jefferies Group LLC reiterated their buy rating on shares of Schlumberger N.V. (NYSE:SLB) in a research note released on Monday, July 24th. Jefferies Group LLC currently has a $80.00 target price on the oil and gas company’s stock, down from their prior target price of $92.00. Jefferies Group also issued estimates for Schlumberger N.V.’s Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $1.50 EPS, FY2018 earnings at $2.40 EPS, FY2019 earnings at $4.60 EPS and FY2020 earnings at $6.35 EPS.
Other analysts have also recently issued reports about the stock. Barclays PLC restated an overweight rating and set a $107.00 target price on shares of Schlumberger N.V. in a research report on Monday, April 24th. Wells Fargo & Company restated an outperform rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Royal Bank Of Canada restated a buy rating and set a $103.00 target price on shares of Schlumberger N.V. in a research report on Tuesday, March 28th. Guggenheim cut shares of Schlumberger N.V. from a buy rating to a neutral rating in a research report on Tuesday, June 27th. Finally, Sanford C. Bernstein upgraded shares of Schlumberger N.V. from a market perform rating to an outperform rating and decreased their target price for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $86.21.
Schlumberger N.V. (NYSE SLB) traded up 0.46% during mid-day trading on Monday, hitting $63.32. The stock had a trading volume of 9,096,305 shares. The firm’s 50-day moving average price is $66.21 and its 200-day moving average price is $73.08. Schlumberger N.V. has a 1-year low of $62.93 and a 1-year high of $87.84. The stock has a market cap of $87.67 billion, a PE ratio of 498.58 and a beta of 1.02.
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, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. Schlumberger N.V.’s payout ratio is currently 1,538.58%.
In other news, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the sale, the president now owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Insiders bought 14,425 shares of company stock worth $950,782 in the last quarter. Company insiders own 0.38% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SLB. Discovery Capital Management LLC CT purchased a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $19,609,000. Glassman Wealth Services raised its stake in Schlumberger N.V. by 1.2% in the fourth quarter. Glassman Wealth Services now owns 5,232 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 61 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $315,000. Intellectus Partners LLC purchased a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $583,000. Finally, First Republic Investment Management Inc. raised its stake in Schlumberger N.V. by 2.2% in the fourth quarter. First Republic Investment Management Inc. now owns 701,778 shares of the oil and gas company’s stock valued at $58,913,000 after buying an additional 15,175 shares in the last quarter. Institutional investors own 79.65% 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.
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