Schlumberger's (SLB) Overweight Rating Reaffirmed at Morgan Stanley

Schlumberger (NYSE:SLB - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Morgan Stanley in a report released on Monday, Benzinga reports. They presently have a $65.00 target price on the oil and gas company's stock. Morgan Stanley's price target indicates a potential upside of 31.26% from the stock's current price.

A number of other research firms have also commented on SLB. The Goldman Sachs Group reissued a "buy" rating on shares of Schlumberger in a research report on Monday, April 1st. Stifel Nicolaus reissued a "buy" rating and issued a $64.00 price target on shares of Schlumberger in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Schlumberger from $69.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Bank of America lowered their price target on shares of Schlumberger from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Monday. Finally, TD Cowen reduced their target price on shares of Schlumberger from $64.00 to $63.00 and set a "buy" rating on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.67.

Schlumberger Stock Down 0.7 %

Shares of SLB stock traded down $0.33 during trading on Monday, hitting $49.52. 10,878,790 shares of the company were exchanged, compared to its average volume of 11,278,627. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market capitalization of $70.68 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.95 and a beta of 1.60. The business's 50-day simple moving average is $51.62 and its 200 day simple moving average is $52.36. Schlumberger has a twelve month low of $42.73 and a twelve month high of $62.12.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, analysts forecast that Schlumberger will post 3.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the company's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were 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 in the company, valued at $19,504,523.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company's stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BluePath Capital Management LLC bought a new position in shares of Schlumberger in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger in the 4th quarter valued at approximately $26,000. Register Financial Advisors LLC bought a new position in Schlumberger in the 1st quarter valued at approximately $27,000. MCF Advisors LLC raised its holdings in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock valued at $29,000 after buying an additional 461 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in Schlumberger in the 4th quarter valued at approximately $32,000. Institutional investors 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.