Brokerages Set Schlumberger Limited (NYSE:SLB) Target Price at $52.44

Shares of Schlumberger Limited (NYSE:SLB - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $52.44.

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Barclays cut their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Susquehanna cut their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday, April 28th. Morgan Stanley decreased their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th.

Schlumberger Stock Up 0.3%

NYSE:SLB traded up $0.09 during mid-day trading on Friday, reaching $33.67. The stock had a trading volume of 9,902,667 shares, compared to its average volume of 13,589,764. The business's 50 day moving average is $35.48 and its 200 day moving average is $39.09. Schlumberger has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. The stock has a market cap of $45.79 billion, a P/E ratio of 10.83, a PEG ratio of 10.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, sell-side analysts predict that Schlumberger will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This represents a 44.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Schlumberger

A number of institutional investors have recently bought and sold shares of SLB. DLD Asset Management LP purchased a new stake in shares of Schlumberger in the first quarter worth about $1,530,000. Birmingham Capital Management Co. Inc. AL raised its holdings in Schlumberger by 2.7% during the first quarter. Birmingham Capital Management Co. Inc. AL now owns 37,025 shares of the oil and gas company's stock valued at $1,548,000 after buying an additional 990 shares in the last quarter. Strs Ohio acquired a new stake in shares of Schlumberger in the first quarter valued at about $46,010,000. Ellsworth Advisors LLC acquired a new stake in Schlumberger during the first quarter valued at approximately $1,739,000. Finally, Jacobi Capital Management LLC raised its position in Schlumberger by 11.8% in the 1st quarter. Jacobi Capital Management LLC now owns 8,074 shares of the oil and gas company's stock worth $338,000 after purchasing an additional 852 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.