Schlumberger Limited (NYSE:SLB) Receives Consensus Rating of "Moderate Buy" from Brokerages

Schlumberger Limited (NYSE:SLB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $52.44.

Several analysts have recently commented on SLB shares. Piper Sandler reduced 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. Morgan Stanley reduced their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Jefferies Financial Group cut their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, Susquehanna cut their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th.

Schlumberger Stock Down 0.3%

Shares of SLB traded down $0.09 during trading hours on Friday, hitting $33.84. The stock had a trading volume of 5,117,522 shares, compared to its average volume of 13,567,544. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $39.20. The firm has a market capitalization of $46.03 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger has a 1-year low of $31.11 and a 1-year high of $50.94.

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

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.37%. Schlumberger's payout ratio is presently 38.64%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its stake in Schlumberger by 32.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock valued at $2,737,000 after acquiring an additional 17,405 shares during the last quarter. Geode Capital Management LLC increased its stake in Schlumberger by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock valued at $1,146,195,000 after acquiring an additional 1,377,134 shares during the last quarter. Bryn Mawr Capital Management LLC increased its stake in Schlumberger by 502.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after acquiring an additional 165,162 shares during the last quarter. Narwhal Capital Management increased its stake in Schlumberger by 225.5% in the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock valued at $2,862,000 after acquiring an additional 51,715 shares during the last quarter. Finally, Miller Financial Services LLC purchased a new stake in Schlumberger during the fourth quarter valued at about $375,000. 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.