BMO Capital Markets set a $44.00 price objective on Schlumberger (NYSE:SLB) in a research report report published on Monday morning, TipRanks reports. The firm currently has a hold rating on the oil and gas company’s stock.

Several other equities analysts have also weighed in on SLB. Morgan Stanley set a $51.00 target price on shares of Schlumberger and gave the company a hold rating in a report on Monday. Raymond James restated a hold rating on shares of Schlumberger in a report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Schlumberger from a strong sell rating to a hold rating in a report on Wednesday, March 6th. Royal Bank of Canada set a $58.00 price objective on shares of Schlumberger and gave the stock a buy rating in a report on Friday, January 18th. Finally, Tudor Pickering lowered shares of Schlumberger from a hold rating to a sell rating and set a $35.00 price objective on the stock. in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $60.45.

NYSE:SLB opened at $45.85 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 0.45. The firm has a market cap of $63.14 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.33. Schlumberger has a twelve month low of $34.99 and a twelve month high of $75.43.

Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Sell-side analysts forecast that Schlumberger will post 1.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

Several institutional investors have recently modified their holdings of the company. Conning Inc. raised its stake in shares of Schlumberger by 9.0% in the 1st quarter. Conning Inc. now owns 132,741 shares of the oil and gas company’s stock valued at $5,784,000 after purchasing an additional 10,963 shares in the last quarter. MHI Funds LLC acquired a new stake in shares of Schlumberger in the 1st quarter valued at about $213,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Schlumberger in the 1st quarter valued at about $3,287,000. Howland Capital Management LLC raised its stake in shares of Schlumberger by 5.9% in the 1st quarter. Howland Capital Management LLC now owns 122,823 shares of the oil and gas company’s stock valued at $5,351,000 after purchasing an additional 6,869 shares in the last quarter. Finally, Columbus Macro LLC acquired a new stake in shares of Schlumberger in the 1st quarter valued at about $787,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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