Schlumberger N.V. (NYSE: SLB) recently received a number of ratings updates from brokerages and research firms:

  • 8/8/2017 – Schlumberger N.V. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – Schlumberger N.V. was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/27/2017 – Schlumberger N.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Schlumberger has lesser exposure to the U.S. shale plays where drillers have been gathering actively on continued flow of investments. This is reflected from the oilfield service player’s 80%, 76% and 71% of consolidated revenue generation from non-U.S. operations during 2016, 2015 and 2014. As a result, the company has been losing out on the opportunity to gain profitable contracts from shale drillers of late. Also, during second-quarter 2017, Schlumberger witnessed a year-over-year drop in sales from Middle East & Asia operations. In India, rig activities were severely affected by heavy rains. Also, revenues in Kuwait were hurt. On top of that, Schlumberger’s offshore activities in the Gulf of Mexico were severely affected in the second quarter.”
  • 7/27/2017 – Schlumberger N.V. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2017 – Schlumberger N.V. had its price target lowered by analysts at Loop Capital from $93.00 to $80.00. They now have a “buy” rating on the stock.
  • 7/24/2017 – Schlumberger N.V. was given a new $78.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/24/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock, down previously from $92.00.
  • 7/24/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at Instinet. They now have a $78.00 price target on the stock, down previously from $85.00.
  • 7/22/2017 – Schlumberger N.V. had its “conviction-buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 7/21/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at Seaport Global Securities.
  • 7/20/2017 – Schlumberger N.V. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Schlumberger is the largest oilfield services player in the world with presence in energy markets across the world. The company’s HiWAY* flow-channel fracturing technique has helped increase its customer’s production flow rates threefold than earlier anticipated. Also, high performance drilling motors like DynaForce and rotary steerable systems like PowerDrive Orbit have helped Schlumberger lower well drilling time for its customers considerably. Moreover, we appreciate the company’s greater reliance on international market where operations are expected to be boosted in late 2017 and 2018. However, since 2014, long-term debt at Schlumberger has been on the rise, which is a matter of concern. Also, the company’s cash balance has been on the decline over the last five quarters.”
  • 7/13/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $74.00 price target on the stock, down previously from $89.00.
  • 7/12/2017 – Schlumberger N.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oilfield services behemoth Schlumberger Limited’s long-term debt has been on the rise since 2014 that is a matter of concern. Also, the company’s cash balance has been on the decline over the last five quarters. With crude prices drastically since June 2014, most of the drillers are planning to significantly curb this year’s capital expenditures. This is expected to hamper Schlumberger’s business in 2017, as it assists the drilling firms in setting up oil wells. Furthermore, we expect Schlumberger shares to remain soft as the company will also be affected by seasonal activity slowdown and lower pricing due to excess capacity in the U.S. Moreover, the company has lesser exposure to the U.S shale plays where drillers have been gathering constantly. Hence, the oilfield services player is losing the opportunity to get many profitable contracts from the shale drillers of late.”
  • 7/10/2017 – Schlumberger N.V. had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/7/2017 – Schlumberger N.V. was given a new $90.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/6/2017 – Schlumberger N.V. was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $80.00 price target on the stock, down previously from $94.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/5/2017 – Schlumberger N.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oilfield services behemoth Schlumberger Limited’s shares underperformed the broader industry in the last three months. With crude prices drastically since June 2014, most of the drillers are planning to significantly curb this year’s capital expenditures. This is expected to hamper Schlumberger’s business in 2017, as it assists the drilling firms in setting up oil wells. Furthermore, we expect Schlumberger shares to remain soft as the company will also be affected by seasonal activity slowdown and lower pricing due to excess capacity in the U.S. Moreover, the company has lesser exposure to the U.S shale plays where drillers have been gathering constantly. Hence, the oilfield services player is losing the opportunity to get many profitable contracts from the shale drillers of late.”
  • 7/5/2017 – Schlumberger N.V. was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $92.00 price target on the stock.
  • 6/29/2017 – Schlumberger N.V. was downgraded by analysts at Iberia Capital from an “outperform” rating to a “sector perform” rating. They now have a $77.00 price target on the stock, down previously from $100.00.
  • 6/27/2017 – Schlumberger N.V. was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
  • 6/27/2017 – Schlumberger N.V. was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $68.00 price target on the stock, down previously from $86.00.
  • 6/22/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $89.00 price target on the stock.
  • 6/21/2017 – Schlumberger N.V. was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $73.00 price target on the stock, down previously from $98.00.
  • 6/21/2017 – Schlumberger N.V. had its price target raised by analysts at Morgan Stanley from $90.00 to $110.00. They now have an “equal weight” rating on the stock.
  • 6/21/2017 – Schlumberger N.V. had its “neutral” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $80.00 price target on the stock, down previously from $86.00.
  • 6/16/2017 – Schlumberger N.V. was given a new $90.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.

Schlumberger N.V. (SLB) traded down 1.66% during mid-day trading on Thursday, hitting $64.40. 8,060,480 shares of the stock traded hands. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The firm’s 50-day moving average is $66.52 and its 200-day moving average is $73.90. The company has a market cap of $89.16 billion, a price-to-earnings ratio of 507.09 and a beta of 1.02.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business 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%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities research analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.

In other news, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the transaction, the president now owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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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