Schlumberger (NYSE:SLB) Price Target Lowered to $54.00 at Stifel Nicolaus

Schlumberger (NYSE:SLB - Get Free Report) had its target price reduced by Stifel Nicolaus from $58.00 to $54.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. Stifel Nicolaus' price target suggests a potential upside of 58.32% from the company's previous close.

A number of other analysts also recently weighed in on SLB. Jefferies Financial Group reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Barclays decreased their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Susquehanna lowered their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and an average target price of $53.50.

Schlumberger Stock Down 1.2 %

Shares of NYSE SLB traded down $0.41 during trading hours on Monday, hitting $34.11. The stock had a trading volume of 3,389,024 shares, compared to its average volume of 13,174,252. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market capitalization of $46.38 billion, a P/E ratio of 10.98, a P/E/G ratio of 10.10 and a beta of 1.11. The firm's 50-day moving average price is $38.61 and its two-hundred day moving average price is $40.36. Schlumberger has a 52 week low of $31.11 and a 52 week high of $50.94.

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 $0.74 by ($0.02). The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. During the same period in the prior year, the business earned $0.75 EPS. Analysts anticipate that Schlumberger will post 3.38 EPS for the current fiscal year.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares of the company's stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock valued at $4,876,679 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Schlumberger

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Schlumberger in the fourth quarter valued at approximately $735,398,000. Pacer Advisors Inc. raised its holdings in Schlumberger by 12,289.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after buying an additional 12,938,082 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Schlumberger by 7.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after purchasing an additional 5,225,828 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Schlumberger by 3,112.1% in the fourth quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock worth $139,059,000 after acquiring an additional 3,514,134 shares during the period. Finally, Deutsche Bank AG boosted its position in Schlumberger by 12.2% during the fourth quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock valued at $1,101,804,000 after acquiring an additional 3,119,543 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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