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

Key Points

• Schlumberger Limited has received a consensus recommendation of “Moderate Buy” from 21 brokerages, with 14 analysts rating it as a buy and 2 as a strong buy.
• The company plans to pay a quarterly dividend of $0.285 on October 9th, representing an annualized dividend yield of 3.3%.
• In the most recent quarter, Schlumberger reported earnings of $0.74 per share, exceeding estimates, despite a 6.5% decline in revenue year-over-year.

Schlumberger Limited (NYSE:SLB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $52.1765.

SLB has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Zacks Research raised shares of Schlumberger from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Piper Sandler cut their target price on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Finally, UBS Group cut their target price on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th.

Schlumberger Stock Down 0.1%

SLB opened at $34.57 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Schlumberger has a 1-year low of $31.11 and a 1-year high of $46.15. The company has a market capitalization of $51.63 billion, a PE ratio of 11.84, a PEG ratio of 9.61 and a beta of 1.05. The firm's 50 day simple moving average is $34.60 and its two-hundred day simple moving average is $35.43.

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

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Schlumberger's dividend payout ratio (DPR) is presently 39.04%.

Insider Activity at Schlumberger

In related news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Schlumberger

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLB. Twin Peaks Wealth Advisors LLC bought a new stake in Schlumberger during the 2nd quarter valued at about $25,000. First Command Advisory Services Inc. raised its holdings in shares of Schlumberger by 300.0% in 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 in the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Schlumberger in the 2nd quarter worth approximately $29,000. Atlas Capital Advisors Inc. purchased a new position in shares of Schlumberger in the 1st quarter worth approximately $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 worth $33,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

About Schlumberger

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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