Shares of Schlumberger N.V. (NYSE:SLB) have earned a consensus rating of “Buy” from the thirty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $82.13.

A number of equities analysts recently issued reports on SLB shares. Barclays PLC lowered shares of Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $98.00 to $73.00 in a research report on Wednesday, June 21st. Morgan Stanley increased their target price on shares of 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. HSBC Holdings plc reiterated a “neutral” rating and issued a $80.00 target price (down previously from $86.00) on shares of Schlumberger N.V. in a research report on Wednesday, June 21st. BMO Capital Markets reiterated a “buy” rating and issued a $89.00 target price on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. Finally, Guggenheim lowered shares of Schlumberger N.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th.

Shares of Schlumberger N.V. (SLB) opened at 66.50 on Wednesday. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The company has a 50 day moving average of $67.14 and a 200 day moving average of $68.98. The firm has a market cap of $92.07 billion, a PE ratio of 523.62 and a beta of 1.05.

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 the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th were issued a $0.50 dividend. The ex-dividend date was Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.01%. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.

COPYRIGHT VIOLATION WARNING: “Schlumberger N.V. (SLB) Receives Consensus Rating of “Buy” from Brokerages” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.watchlistnews.com/schlumberger-n-v-slb-receives-consensus-rating-of-buy-from-brokerages/1638234.html.

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

A number of large investors have recently added to or reduced their stakes in SLB. First Eagle Investment Management LLC increased its holdings in Schlumberger N.V. by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares during the last quarter. Dodge & Cox increased its holdings in Schlumberger N.V. by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. American Century Companies Inc. increased its holdings in Schlumberger N.V. by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after buying an additional 2,791,675 shares during the last quarter. Vanguard Group Inc. increased its holdings in Schlumberger N.V. by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Schlumberger N.V. by 13.8% in the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

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)

Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.