Cowen and Company set a $80.00 price target on Schlumberger N.V. (NYSE:SLB) in a research note published on Friday. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other research firms also recently commented on SLB. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a buy rating in a research note on Friday, June 16th. Seaport Global Securities restated a buy rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub downgraded shares of Schlumberger N.V. from a sell rating to a strong sell rating in a research note on Wednesday, August 16th. Citigroup Inc. boosted their price target on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a buy rating in a research note on Thursday. Finally, Jefferies Group LLC restated a buy rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $84.52.

Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.77% on Friday, reaching $68.34. The company had a trading volume of 5,717,424 shares. The stock has a market capitalization of $94.62 billion, a P/E ratio of 538.11 and a beta of 1.05. The company’s 50 day moving average price is $66.39 and its 200-day moving average price is $69.47. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. Equities analysts predict that Schlumberger N.V. will post $1.52 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.93%. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Marks bought 8,000 shares of Schlumberger N.V. stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Schlumberger N.V. by 41.6% during the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock worth $105,414,000 after purchasing an additional 470,615 shares in the last quarter. SOL Capital Management CO raised its holdings in Schlumberger N.V. by 8.3% during the second quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 400 shares in the last quarter. Villere ST Denis J & Co. LLC raised its holdings in Schlumberger N.V. by 5.8% during the second quarter. Villere ST Denis J & Co. LLC now owns 125,185 shares of the oil and gas company’s stock worth $8,242,000 after purchasing an additional 6,850 shares in the last quarter. Puzo Michael J raised its holdings in Schlumberger N.V. by 6.0% during the second quarter. Puzo Michael J now owns 26,447 shares of the oil and gas company’s stock worth $1,740,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Schlumberger N.V. by 4.2% during the first quarter. Legal & General Group Plc now owns 6,715,534 shares of the oil and gas company’s stock worth $524,469,000 after purchasing an additional 273,522 shares in the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

About Schlumberger N.V.

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.

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

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