Schlumberger (NYSE:SLB - Get Free Report) had its target price decreased by research analysts at Barclays from $47.00 to $46.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the oil and gas company's stock. Barclays's price target would indicate a potential upside of 37.08% from the stock's current price.
SLB has been the subject of several other research reports. Jefferies Financial Group dropped their price objective on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Atb Cap Markets upgraded Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Morgan Stanley dropped their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Piper Sandler lowered their target price on Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday. Finally, UBS Group raised their target price on Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $50.38.
Get Our Latest Stock Analysis on SLB
Schlumberger Trading Up 0.7%
SLB stock traded up $0.24 during trading on Monday, hitting $33.56. 22,394,145 shares of the company traded hands, compared to its average volume of 14,328,528. The firm has a market capitalization of $45.64 billion, a PE ratio of 10.19, a P/E/G ratio of 8.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. The company has a 50-day moving average of $34.86 and a 200-day moving average of $37.52. Schlumberger has a 1 year low of $31.11 and a 1 year high of $50.52.
Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Analysts predict that Schlumberger will post 3.38 earnings per share for the current fiscal year.
Insider Activity at Schlumberger
In other news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the sale, the director directly owned 23,525 shares in the company, valued at $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.
Institutional Trading of Schlumberger
Large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Schlumberger by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after acquiring an additional 1,166 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Schlumberger in the fourth quarter worth about $209,000. Harbour Investments Inc. increased its position in Schlumberger by 24.3% in the fourth quarter. Harbour Investments Inc. now owns 2,904 shares of the oil and gas company's stock worth $111,000 after buying an additional 567 shares in the last quarter. Sciencast Management LP purchased a new stake in Schlumberger in the fourth quarter worth about $316,000. Finally, Virtu Financial LLC purchased a new stake in Schlumberger in the fourth quarter worth about $1,443,000. 81.99% of the stock is currently owned by institutional investors.
About Schlumberger
(
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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.
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