Schlumberger Limited (NYSE:SLB) Receives $64.08 Average Target Price from Brokerages

Shares of Schlumberger Limited (NYSE:SLB) have earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $63.42.

A number of equities analysts recently weighed in on SLB shares. Stifel Nicolaus decreased their price objective on Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price objective on shares of Schlumberger in a report on Thursday, October 3rd. TD Cowen upped their price objective on shares of Schlumberger from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley decreased their target price on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company cut their price target on shares of Schlumberger from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 25th.

Schlumberger Trading Up 0.4 %

Shares of SLB opened at $44.78 on Friday. Schlumberger has a 1-year low of $38.66 and a 1-year high of $61.20. The company has a market capitalization of $63.58 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $43.10 and its 200 day simple moving average is $46.36.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Schlumberger will post 3.47 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th were issued a $0.275 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.10 annualized dividend and a yield of 2.46%. Schlumberger’s dividend payout ratio (DPR) is presently 35.95%.

Insider Transactions at Schlumberger

In related news, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.29, for a total transaction of $492,900.00. Following the transaction, the director now owns 62,354 shares in the company, valued at $3,073,428.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.94, for a total transaction of $2,499,397.12. Following the sale, the chief financial officer now owns 203,076 shares in the company, valued at approximately $10,141,615.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vijay Kasibhatla sold 10,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $49.29, for a total transaction of $492,900.00. Following the completion of the transaction, the director now owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,716 shares of company stock valued at $9,048,624. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Schlumberger

Several hedge funds have recently bought and sold shares of SLB. Grove Bank & Trust boosted its position in shares of Schlumberger by 17.4% in the 3rd quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 224 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Schlumberger by 25.9% during the third quarter. Wedge Capital Management L L P NC now owns 163,079 shares of the oil and gas company’s stock valued at $6,841,000 after buying an additional 33,512 shares during the last quarter. ORG Partners LLC boosted its holdings in Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 484 shares in the last quarter. Stablepoint Partners LLC grew its stake in shares of Schlumberger by 4.3% in the third quarter. Stablepoint Partners LLC now owns 23,840 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 982 shares during the last quarter. Finally, Sapient Capital LLC increased its holdings in shares of Schlumberger by 6.9% during the third quarter. Sapient Capital LLC now owns 5,034 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 323 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Company Profile

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.