Barclays Has Lowered Expectations for Schlumberger (NYSE:SLB) Stock Price

Schlumberger (NYSE:SLB - Get Free Report) had its target price reduced by stock analysts at Barclays from $48.00 to $47.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Barclays's price objective suggests a potential upside of 28.14% from the stock's previous close.

Several other equities research analysts have also recently issued reports on SLB. Wells Fargo & Company decreased their target price on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. JPMorgan Chase & Co. decreased their target price on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Susquehanna decreased their target price on shares of Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a research report on Tuesday, July 1st. UBS Group raised their target price on shares of Schlumberger from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley decreased their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average target price of $50.79.

Schlumberger Trading Up 1.2%

Shares of Schlumberger stock traded up $0.43 during mid-day trading on Thursday, hitting $36.68. 11,649,203 shares of the stock were exchanged, compared to its average volume of 13,846,490. Schlumberger has a twelve month low of $31.11 and a twelve month high of $50.94. The stock has a market capitalization of $49.89 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 9.58 and a beta of 1.01. The company has a 50-day simple moving average of $34.72 and a 200 day simple moving average of $37.64. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The business had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter last year, the company posted $0.75 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that Schlumberger will post 3.38 EPS for the current year.

Insider Activity at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director directly owned 23,525 shares of the company's stock, valued at approximately $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLB. Dynamic Technology Lab Private Ltd raised its holdings in Schlumberger by 32.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock valued at $2,737,000 after acquiring an additional 17,405 shares in the last quarter. Geode Capital Management LLC raised its holdings in Schlumberger by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock valued at $1,146,195,000 after acquiring an additional 1,377,134 shares in the last quarter. Scharf Investments LLC raised its holdings in Schlumberger by 20.5% in the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock valued at $69,133,000 after acquiring an additional 281,773 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in Schlumberger by 810.4% in the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company's stock valued at $3,142,000 after acquiring an additional 66,907 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co raised its holdings in Schlumberger by 40.4% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 220,685 shares of the oil and gas company's stock valued at $8,461,000 after acquiring an additional 63,500 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.