Schlumberger Limited (NYSE:SLB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Schlumberger Limited (NYSE:SLB) have been given an average rating of “Buy” by the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.72.

A number of research analysts recently issued reports on the stock. Oddo Bhf assumed coverage on shares of Schlumberger in a research note on Thursday, October 14th. They issued an “outperform” rating and a $44.50 price target for the company. Benchmark assumed coverage on shares of Schlumberger in a research note on Friday, November 19th. They issued a “hold” rating for the company. Oddo Securities assumed coverage on shares of Schlumberger in a research note on Thursday, October 14th. They issued an “outperform” rating and a $44.50 price target for the company. HSBC upgraded shares of Schlumberger from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $18.10 to $25.00 in a research note on Wednesday, August 4th. Finally, Barclays reiterated an “overweight” rating and issued a $48.00 price target (up previously from $38.00) on shares of Schlumberger in a research note on Monday, October 25th.

NYSE SLB opened at $31.41 on Friday. The firm has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $30.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.27. Schlumberger has a one year low of $20.78 and a one year high of $36.87. The firm has a market cap of $44.06 billion, a price-to-earnings ratio of 26.85 and a beta of 2.29.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Thursday, October 21st. The oil and gas company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Schlumberger had a net margin of 7.44% and a return on equity of 11.90%. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts predict that Schlumberger will post 1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Wednesday, December 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.59%. Schlumberger’s payout ratio is 42.74%.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Schlumberger by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,246,216 shares of the oil and gas company’s stock valued at $362,978,000 after acquiring an additional 681,755 shares during the period. National Pension Service increased its holdings in shares of Schlumberger by 2.3% in the 3rd quarter. National Pension Service now owns 1,896,844 shares of the oil and gas company’s stock valued at $56,222,000 after acquiring an additional 41,874 shares during the period. Centiva Capital LP increased its holdings in shares of Schlumberger by 649.2% in the 3rd quarter. Centiva Capital LP now owns 284,372 shares of the oil and gas company’s stock valued at $1,104,000 after acquiring an additional 246,414 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Schlumberger in the 3rd quarter valued at $1,003,000. Finally, Colony Group LLC increased its stake in Schlumberger by 46.1% in the 3rd quarter. Colony Group LLC now owns 36,158 shares of the oil and gas company’s stock valued at $1,072,000 after buying an additional 11,404 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Company Profile

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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