Susquehanna Cuts Schlumberger (NYSE:SLB) Price Target to $44.00

Schlumberger (NYSE:SLB - Get Free Report) had its target price decreased by investment analysts at Susquehanna from $46.00 to $44.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "positive" rating on the oil and gas company's stock. Susquehanna's target price points to a potential upside of 22.73% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Piper Sandler dropped their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, June 5th. Stifel Nicolaus dropped their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley cut their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $50.85.

Schlumberger Trading Up 1.8%

Shares of NYSE:SLB traded up $0.65 during mid-day trading on Tuesday, reaching $35.85. 16,147,751 shares of the company's stock were exchanged, compared to its average volume of 13,773,553. The firm has a market capitalization of $48.76 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 9.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. Schlumberger has a twelve month low of $31.11 and a twelve month high of $50.94. The business's fifty day moving average price is $34.50 and its 200-day moving average price is $37.72.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the firm posted $0.75 EPS. The company's quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that Schlumberger will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's 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 sale, the director owned 23,525 shares of the company's stock, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Schlumberger

Hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC raised its holdings in Schlumberger by 1.0% in the 4th quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock worth $1,067,000 after purchasing an additional 273 shares during the period. Glen Eagle Advisors LLC increased its position in Schlumberger by 3.7% in the fourth quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company's stock worth $301,000 after buying an additional 282 shares in the last quarter. EntryPoint Capital LLC increased its position in Schlumberger by 4.5% in the first quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company's stock worth $307,000 after buying an additional 316 shares in the last quarter. Heritage Wealth Management Inc. Texas grew its stake in shares of Schlumberger by 2.2% during the 1st quarter. Heritage Wealth Management Inc. Texas now owns 14,736 shares of the oil and gas company's stock valued at $616,000 after acquiring an additional 318 shares during the period. Finally, Wahed Invest LLC lifted its holdings in Schlumberger by 0.9% during the fourth quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock valued at $1,343,000 after purchasing an additional 319 shares in the last quarter. 81.99% of the stock is currently owned by 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.