Schlumberger Limited (NYSE:SLB) Receives $67.56 Consensus Target Price from Brokerages

Shares of Schlumberger Limited (NYSE:SLB) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.56.

A number of research analysts recently weighed in on SLB shares. Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Monday, July 22nd. BMO Capital Markets reduced their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. HSBC reissued a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research note on Thursday, April 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 price target on shares of Schlumberger in a research report on Monday, April 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price objective on shares of Schlumberger in a research report on Monday, July 22nd.

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 50,048 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $49.94, for a total value of $2,499,397.12. Following the completion of the sale, the chief financial officer now directly owns 203,076 shares of the company’s stock, valued at $10,141,615.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Stephane Biguet sold 50,048 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.94, for a total value of $2,499,397.12. Following the completion of the sale, the chief financial officer now directly owns 203,076 shares of the company’s stock, valued at $10,141,615.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bejar Carmen Rando sold 4,980 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.43, for a total transaction of $216,281.40. Following the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The disclosure for this sale can be found here. Insiders have sold a total of 286,874 shares of company stock valued at $14,148,517 over the last quarter. Company insiders own 0.26% of the company’s stock.

Institutional Trading of Schlumberger

Hedge funds have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC lifted its position in Schlumberger by 53.5% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,960 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 683 shares during the period. Asset Management One Co. Ltd. lifted its position in Schlumberger by 6.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock worth $31,726,000 after acquiring an additional 35,763 shares during the period. National Bank of Canada FI lifted its position in Schlumberger by 15.0% during the 1st quarter. National Bank of Canada FI now owns 396,382 shares of the oil and gas company’s stock worth $21,726,000 after acquiring an additional 51,637 shares during the period. Sapient Capital LLC acquired a new stake in Schlumberger during the 4th quarter worth approximately $1,389,000. Finally, Mission Wealth Management LP acquired a new stake in Schlumberger during the 1st quarter worth approximately $245,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Trading Down 3.4 %

SLB opened at $46.66 on Friday. Schlumberger has a 52 week low of $42.61 and a 52 week high of $62.12. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $46.34 and a 200-day simple moving average of $48.94. The firm has a market cap of $66.25 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.01 and a beta of 1.55.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. Schlumberger’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. On average, equities analysts expect that Schlumberger will post 3.49 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Wednesday, September 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.36%. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.