Schlumberger Limited.’s (SLB) Purchase Rating Setd at Royal Bank of Canada

Schlumberger Limited.’s (SLB) Purchase Rating Setd at Royal Bank of Canada

Schlumberger Limited. (NYSE:SLB)‘s stock had its “buy” rating restated by equities researchers at Royal Bank of Canada in a report released on Tuesday. They currently have a $103.00 target price on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 31.53% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Vetr raised Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $95.37 target price on the stock in a research report on Tuesday, December 13th. Jefferies Group LLC raised Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, December 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 target price on shares of Schlumberger Limited. in a research report on Thursday, January 12th. Deutsche Bank AG set a $101.00 target price on Schlumberger Limited. and gave the company a “buy” rating in a research report on Monday, January 23rd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $99.00 target price on shares of Schlumberger Limited. in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $96.30.

Shares of Schlumberger Limited. (NYSE:SLB) traded up 1.67% during mid-day trading on Tuesday, hitting $78.31. The company had a trading volume of 7,274,620 shares. Schlumberger Limited. has a 1-year low of $71.69 and a 1-year high of $87.84. The company’s market capitalization is $108.97 billion. The company has a 50-day moving average price of $79.95 and a 200-day moving average price of $81.38.

Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings data on Friday, January 20th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The company had revenue of $7.11 billion for the quarter. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger Limited. will post $1.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. Schlumberger Limited.’s dividend payout ratio (DPR) is -169.49%.

In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger Limited. stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $81.54, for a total transaction of $407,700.00. Following the completion of the transaction, the director now owns 7,750 shares in the company, valued at approximately $631,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. raised its position in Schlumberger Limited. by 0.4% in the third quarter. Valley National Advisers Inc. now owns 2,570 shares of the company’s stock worth $202,000 after buying an additional 9 shares during the last quarter. Dynamic Advisors Solutions LLC raised its position in Schlumberger Limited. by 0.3% in the third quarter. Dynamic Advisors Solutions LLC now owns 6,195 shares of the company’s stock worth $487,000 after buying an additional 18 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its position in Schlumberger Limited. by 0.7% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 2,589 shares of the company’s stock worth $217,000 after buying an additional 18 shares during the last quarter. STA Wealth Management LLC raised its position in Schlumberger Limited. by 0.3% in the fourth quarter. STA Wealth Management LLC now owns 10,070 shares of the company’s stock worth $845,000 after buying an additional 30 shares during the last quarter. Finally, Buckingham Asset Management LLC raised its position in Schlumberger Limited. by 0.3% in the third quarter. Buckingham Asset Management LLC now owns 10,726 shares of the company’s stock worth $843,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Schlumberger Limited. 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.

Related posts

Leave a Comment