The Schlumberger N.V. (SLB) Coverage Initiated by Analysts at Deutsche Bank AG

The Schlumberger N.V. (SLB) Coverage Initiated by Analysts at Deutsche Bank AG

Deutsche Bank AG assumed coverage on shares of Schlumberger N.V. (NYSE:SLB) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $78.00 target price on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the stock. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the company a buy rating in a research report on Friday, June 16th. Scotiabank set a $90.00 price target on shares of Schlumberger N.V. and gave the company a buy rating in a research report on Friday, July 7th. Jefferies Group LLC reissued a buy rating and set a $92.00 price target on shares of Schlumberger N.V. in a research report on Friday, June 30th. BMO Capital Markets reissued a buy rating and set a $89.00 price target on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. Finally, Credit Suisse Group set a $78.00 price target on shares of Schlumberger N.V. and gave the company a buy rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. presently has an average rating of Buy and an average price target of $83.28.

Schlumberger N.V. (SLB) opened at 67.17 on Tuesday. The stock has a 50 day moving average price of $67.05 and a 200-day moving average price of $69.11. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The stock has a market cap of $93.00 billion, a P/E ratio of 528.90 and a beta of 1.05.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Schlumberger N.V. will post $1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.98%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.

In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Marks bought 8,000 shares of Schlumberger N.V. 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 own 0.38% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. grew its holdings in Schlumberger N.V. by 11.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 13,861 shares of the oil and gas company’s stock valued at $967,000 after purchasing an additional 1,408 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in Schlumberger N.V. by 117.7% during the 3rd quarter. Curbstone Financial Management Corp now owns 32,906 shares of the oil and gas company’s stock valued at $2,296,000 after purchasing an additional 17,793 shares during the last quarter. Park National Corp OH grew its holdings in Schlumberger N.V. by 2.0% during the 3rd quarter. Park National Corp OH now owns 149,447 shares of the oil and gas company’s stock valued at $10,425,000 after purchasing an additional 2,996 shares during the last quarter. Perpetual Ltd grew its holdings in Schlumberger N.V. by 4.9% during the 2nd quarter. Perpetual Ltd now owns 165,184 shares of the oil and gas company’s stock valued at $10,876,000 after purchasing an additional 7,742 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in Schlumberger N.V. during the 2nd quarter valued at about $174,000. Hedge funds and other institutional investors own 78.91% 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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