Schlumberger (NYSE:SLB) Stock Price Up 1.6%

Schlumberger Limited (NYSE:SLB - Get Free Report) traded up 1.6% during mid-day trading on Thursday . The company traded as high as $51.72 and last traded at $51.64. 2,083,128 shares traded hands during trading, a decline of 81% from the average session volume of 11,121,109 shares. The stock had previously closed at $50.81.

Wall Street Analyst Weigh In

SLB has been the topic of several analyst reports. Susquehanna reaffirmed a "positive" rating and set a $77.00 price target on shares of Schlumberger in a research report on Monday, April 8th. Stifel Nicolaus lifted their price target on Schlumberger from $63.00 to $64.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. Royal Bank of Canada upped their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 3rd. HSBC reaffirmed a "buy" rating and set a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Finally, Wells Fargo & Company raised their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $70.31.

Schlumberger Stock Performance

The company has a market cap of $72.71 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.98 and a beta of 1.60. The firm's 50 day simple moving average is $51.56 and its 200-day simple moving average is $52.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. The firm had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. During the same period in the previous year, the business posted $0.71 earnings per share. Schlumberger's quarterly revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Schlumberger Limited will post 3.52 EPS for the current year.

Insider Activity

In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the sale, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,623,855.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total value of $1,052,607.15. Following the sale, the vice president now directly owns 31,198 shares of the company's stock, valued at approximately $1,623,855.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the sale, the executive vice president now directly owns 386,841 shares of the company's stock, valued at $19,504,523.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Schlumberger

Several hedge funds and other institutional investors have recently made changes to their positions in SLB. Vanguard Group Inc. grew its holdings in shares of Schlumberger by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 132,281,480 shares of the oil and gas company's stock worth $6,883,928,000 after purchasing an additional 1,753,108 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Schlumberger by 12.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,379,848 shares of the oil and gas company's stock valued at $3,922,768,000 after purchasing an additional 8,617,971 shares during the period. Capital World Investors grew its stake in Schlumberger by 2.2% during the 4th quarter. Capital World Investors now owns 51,617,471 shares of the oil and gas company's stock worth $2,686,173,000 after buying an additional 1,133,686 shares during the last quarter. FMR LLC increased its position in Schlumberger by 1.1% during the third quarter. FMR LLC now owns 27,171,516 shares of the oil and gas company's stock worth $1,584,099,000 after buying an additional 282,709 shares during the period. Finally, Geode Capital Management LLC raised its position in Schlumberger by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 25,347,967 shares of the oil and gas company's stock valued at $1,241,319,000 after purchasing an additional 401,606 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

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.