Schlumberger N.V. (NYSE:SLB) Earning Somewhat Favorable Press Coverage, Accern Reports
Media stories about Schlumberger N.V. (NYSE:SLB) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Schlumberger N.V. earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 47.5149232789602 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s analysis:
- Has $2.16 Million Position in Schlumberger NV (NYSE:SLB) (expressnewsline.com)
- Little-Known Driller Dives Into Perilous Venezuelan Oil Market (finance.yahoo.com)
- Fiduciary Management Inc /wi/ Modifies Its Ownership in Schlumberger NV (SLB) Stock – Modern Readers (modernreaders.com)
- 1 Oil & Gas CEO Has a Harsh Warning for the Rest of the Industry (finance.yahoo.com)
- Stock Chalking up Significant Action in Session: Schlumberger Limited (NYSE:SLB) (topactu.net)
SLB has been the topic of several research reports. Barclays PLC reissued an “overweight” rating and issued a $107.00 target price on shares of Schlumberger N.V. in a research report on Monday, April 24th. Morgan Stanley upped their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $92.00 target price on shares of Schlumberger N.V. in a research report on Friday, June 30th. Finally, Vetr raised Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.40.
Shares of Schlumberger N.V. (NYSE:SLB) traded up 0.19% on Monday, reaching $63.95. 4,961,009 shares of the company were exchanged. Schlumberger N.V. has a 52-week low of $63.67 and a 52-week high of $87.84. The stock has a 50 day moving average of $66.39 and a 200-day moving average of $73.37. The company has a market capitalization of $88.54 billion, a P/E ratio of 503.54 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s payout ratio is currently 1,538.58%.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $349,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
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Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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