Schlumberger Limited. (NYSE:SLB) has been assigned an average rating of “Buy” from the twenty-seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $70.11.

A number of equities analysts recently issued reports on SLB shares. Zacks Investment Research cut Schlumberger from a “hold” rating to a “strong sell” rating in a report on Friday. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Citigroup decreased their target price on Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 4th. HSBC upgraded Schlumberger from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Finally, Jefferies Financial Group decreased their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th.

Shares of NYSE SLB traded down $0.43 during mid-day trading on Friday, reaching $41.31. The company had a trading volume of 1,164,966 shares, compared to its average volume of 16,098,150. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $57.11 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.27 and a beta of 1.16. Schlumberger has a 1-year low of $34.99 and a 1-year high of $80.35.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. As a group, analysts anticipate that Schlumberger will post 1.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 5th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $2.00 annualized dividend and a dividend yield of 4.84%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

In other news, CFO Simon Ayat sold 60,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the completion of the sale, the chief financial officer now owns 234,008 shares of the company’s stock, valued at $13,244,852.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick Schorn bought 10,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was acquired at an average cost of $37.55 per share, with a total value of $375,500.00. Following the transaction, the executive vice president now owns 35,000 shares of the company’s stock, valued at $1,314,250. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLB. BRYN MAWR TRUST Co boosted its position in Schlumberger by 5.2% during the second quarter. BRYN MAWR TRUST Co now owns 107,538 shares of the oil and gas company’s stock valued at $7,208,000 after purchasing an additional 5,337 shares during the last quarter. Luminus Management LLC acquired a new stake in Schlumberger during the second quarter valued at $5,027,000. Measured Wealth Private Client Group LLC acquired a new stake in Schlumberger during the second quarter valued at $376,000. Flagship Harbor Advisors LLC boosted its position in Schlumberger by 39.5% during the second quarter. Flagship Harbor Advisors LLC now owns 7,586 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Schlumberger by 238.8% during the second quarter. Point72 Asset Management L.P. now owns 84,700 shares of the oil and gas company’s stock valued at $5,677,000 after purchasing an additional 59,700 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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