Schlumberger (NYSE:SLB) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other brokerages also recently issued reports on SLB. Wells Fargo & Co upped their price target on shares of Schlumberger from $76.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, May 24th. Citigroup reduced their price target on shares of Schlumberger from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, June 13th. Credit Suisse Group set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Tuesday, June 12th. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research report on Monday, July 23rd. Finally, Jefferies Financial Group set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $79.91.

NYSE SLB traded down $1.24 on Tuesday, hitting $61.92. 8,273,500 shares of the company were exchanged, compared to its average volume of 7,536,278. The company has a market cap of $87.42 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 5.73 and a beta of 0.96. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. Schlumberger has a 1-year low of $61.02 and a 1-year high of $80.35.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.35 billion. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. equities analysts expect that Schlumberger will post 1.84 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SLB. Delek Group Ltd. acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $100,000. Mainstay Capital Management LLC ADV raised its position in shares of Schlumberger by 3,884.1% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 6,603 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Schlumberger by 909.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 20,137 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Schlumberger by 57.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,323 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 849 shares during the period. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of Schlumberger in the 1st quarter valued at approximately $154,000. Institutional investors own 78.45% 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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