Brokerages Set Schlumberger Limited. (NYSE:SLB) Target Price at $44.82

Schlumberger Limited. (NYSE:SLB) has been given a consensus recommendation of “Buy” by the twenty-three analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.82.

Several research firms have weighed in on SLB. Bank of America set a $43.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada set a $40.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 21st. ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup cut their target price on Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Cowen cut their target price on Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st.

NYSE:SLB traded up $0.26 during mid-day trading on Thursday, hitting $36.34. The company had a trading volume of 8,211,488 shares, compared to its average volume of 10,844,604. Schlumberger has a fifty-two week low of $30.65 and a fifty-two week high of $51.29. The business’s fifty day moving average is $33.95 and its two-hundred day moving average is $36.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 1.29. The firm has a market cap of $50.83 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.45 and a beta of 1.49.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts forecast that Schlumberger will post 1.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 4th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.00 annualized dividend and a dividend yield of 5.50%. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.

In other Schlumberger news, VP Simon Farrant sold 5,000 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the sale, the vice president now directly owns 20,316 shares in the company, valued at $681,601.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SLB. Nuveen Asset Management LLC grew its holdings in shares of Schlumberger by 14,172.7% during the second quarter. Nuveen Asset Management LLC now owns 7,796,324 shares of the oil and gas company’s stock worth $309,825,000 after buying an additional 7,741,700 shares in the last quarter. Invesco Ltd. grew its stake in Schlumberger by 57.3% in the second quarter. Invesco Ltd. now owns 16,703,642 shares of the oil and gas company’s stock valued at $663,804,000 after purchasing an additional 6,087,455 shares in the last quarter. Mackenzie Financial Corp grew its stake in Schlumberger by 14,241.7% in the second quarter. Mackenzie Financial Corp now owns 2,921,974 shares of the oil and gas company’s stock valued at $116,119,000 after purchasing an additional 2,901,600 shares in the last quarter. BlackRock Inc. grew its stake in Schlumberger by 2.7% in the second quarter. BlackRock Inc. now owns 89,868,836 shares of the oil and gas company’s stock valued at $3,571,386,000 after purchasing an additional 2,340,320 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Schlumberger by 1.5% in the second quarter. Vanguard Group Inc. now owns 112,662,996 shares of the oil and gas company’s stock valued at $4,477,227,000 after purchasing an additional 1,715,548 shares in the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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