Schlumberger Limited (NYSE:SLB) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Schlumberger Limited (NYSE:SLB) has received a consensus rating of "Moderate Buy" from 21 brokerages, with 15 analysts issuing a buy rating and four holding the stock.
• The company reported $0.74 earnings per share for the latest quarter, exceeding estimates, but saw a 6.5% decline in revenue compared to the previous year.
• Schlumberger recently declared a quarterly dividend of $0.285, yielding 3.1% annually, with the payment set for October 9th.

Shares of Schlumberger Limited (NYSE:SLB - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $52.8611.

A number of research analysts have recently weighed in on the stock. Susquehanna reduced their target price on shares of Schlumberger from $44.00 to $42.00 and set a "positive" rating for the company in a research report on Monday, July 21st. Piper Sandler cut their price objective on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Stifel Nicolaus cut their price objective on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Melius began coverage on shares of Schlumberger in a research report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price objective on the stock. Finally, Jefferies Financial Group dropped their target price on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, June 26th.

Schlumberger Stock Performance

Shares of Schlumberger stock traded up $0.85 during mid-day trading on Monday, hitting $35.85. 5,137,476 shares of the stock were exchanged, compared to its average volume of 16,124,172. Schlumberger has a 12 month low of $31.11 and a 12 month high of $46.15. The company has a 50-day simple moving average of $34.67 and a 200 day simple moving average of $36.08. 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 market capitalization of $48.45 billion, a P/E ratio of 12.29, a P/E/G ratio of 10.22 and a beta of 1.05.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm had revenue of $8.55 billion for the quarter, compared to analysts' expectations of $8.51 billion. During the same quarter last year, the firm earned $0.85 EPS. The company's quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Schlumberger will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 3rd. Schlumberger's dividend payout ratio (DPR) is presently 39.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in Schlumberger during the 2nd quarter valued at approximately $25,000. First Command Advisory Services Inc. raised its position in Schlumberger by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 477 shares during the last quarter. Atticus Wealth Management LLC bought a new position in Schlumberger during the 2nd quarter valued at approximately $29,000. Atlas Capital Advisors Inc. bought a new position in Schlumberger during the 1st quarter valued at approximately $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Schlumberger by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. 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.