Equities research analysts at Oddo Bhf started coverage on shares of Schlumberger (NYSE:SLB) in a report released on Thursday, The Fly reports. The brokerage set an "outperform" rating and a $44.50 price target on the oil and gas company's stock. Oddo Bhf's price target would indicate a potential upside of 34.08% from the company's previous close.
SLB has been the subject of a number of other research reports. Oddo Securities assumed coverage on Schlumberger in a research report on Thursday. They issued an "outperform" rating and a $44.50 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of Schlumberger in a research note on Thursday, September 9th. Morgan Stanley lifted their price target on Schlumberger from $32.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, July 9th. HSBC raised Schlumberger from a "reduce" rating to a "hold" rating and boosted their target price for the company from $18.10 to $25.00 in a research note on Wednesday, August 4th. Finally, Cowen reissued an "outperform" rating and set a $29.03 target price (down from $32.00) on shares of Schlumberger in a research note on Monday, July 26th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $32.69.
Shares of SLB traded up $0.43 during trading hours on Thursday, reaching $33.19. 68,606 shares of the company's stock traded hands, compared to its average volume of 12,605,433. The stock has a market cap of $46.41 billion, a PE ratio of 46.06 and a beta of 2.39. The company has a current ratio of 1.37, a quick ratio of 1.00 and a debt-to-equity ratio of 1.20. The firm's 50 day simple moving average is $28.73 and its 200-day simple moving average is $29.75. Schlumberger has a 12 month low of $13.70 and a 12 month high of $36.87.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Thursday, July 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.04. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.52 billion. Schlumberger had a return on equity of 9.96% and a net margin of 4.72%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. As a group, analysts expect that Schlumberger will post 1.25 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in Schlumberger by 43.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 116,515 shares of the oil and gas company's stock valued at $3,730,000 after acquiring an additional 35,481 shares during the last quarter. Lodge Hill Capital LLC increased its position in Schlumberger by 58.0% during the second quarter. Lodge Hill Capital LLC now owns 395,000 shares of the oil and gas company's stock valued at $12,644,000 after acquiring an additional 145,000 shares during the last quarter. Discerene Group LP increased its position in Schlumberger by 4.5% during the second quarter. Discerene Group LP now owns 3,536,457 shares of the oil and gas company's stock valued at $113,202,000 after acquiring an additional 153,000 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Schlumberger by 8.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 436,771 shares of the oil and gas company's stock valued at $13,857,000 after acquiring an additional 33,475 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Schlumberger by 129.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,592,870 shares of the oil and gas company's stock valued at $43,310,000 after acquiring an additional 897,159 shares during the last quarter. Institutional investors own 76.26% of the company's stock.
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company's software and seismic businesses with its integrated offering of asset performance solutions.
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