Schlumberger (NYSE:SLB) had its target price reduced by equities research analysts at Jefferies Financial Group from $80.00 to $75.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 22.61% from the stock’s current price. Jefferies Financial Group also issued estimates for Schlumberger’s Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.75 EPS, Q1 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.58 EPS and Q4 2019 earnings at $0.71 EPS.

SLB has been the subject of a number of other reports. Credit Suisse Group set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Citigroup decreased their price target on Schlumberger from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, June 13th. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research note on Monday, July 23rd. Finally, Seaport Global Securities set a $72.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $78.90.

NYSE:SLB opened at $61.17 on Wednesday. The company has a market capitalization of $86.55 billion, a PE ratio of 40.78, a P/E/G ratio of 5.76 and a beta of 0.96. Schlumberger has a 1 year low of $59.25 and a 1 year high of $80.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.85.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.35 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. research analysts expect that Schlumberger will post 1.81 EPS for the current fiscal year.

In other news, Director Michael E. Marks acquired 8,000 shares of Schlumberger stock in a transaction on Thursday, September 6th. The shares were bought at an average cost of $60.31 per share, for a total transaction of $482,480.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisors LLC increased its holdings in shares of Schlumberger by 5.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 14,461 shares of the oil and gas company’s stock valued at $969,000 after acquiring an additional 733 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of Schlumberger by 14.6% in the 1st quarter. Financial Management Professionals Inc. now owns 5,870 shares of the oil and gas company’s stock valued at $380,000 after acquiring an additional 750 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Schlumberger by 11.0% in the 1st quarter. IHT Wealth Management LLC now owns 7,588 shares of the oil and gas company’s stock valued at $482,000 after acquiring an additional 751 shares during the period. Portland Global Advisors LLC increased its holdings in shares of Schlumberger by 2.8% in the 2nd quarter. Portland Global Advisors LLC now owns 28,240 shares of the oil and gas company’s stock valued at $1,893,000 after acquiring an additional 770 shares during the period. Finally, First Merchants Corp increased its holdings in shares of Schlumberger by 1.4% in the 2nd quarter. First Merchants Corp now owns 54,946 shares of the oil and gas company’s stock valued at $3,683,000 after acquiring an additional 778 shares during the period. Institutional investors own 78.38% of the company’s stock.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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