Schlumberger (NYSE:SLB) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Schlumberger's stock has received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook on its performance.
• Recent analyst reports show varying target prices, with Stifel Nicolaus lowering its target to $52 and Melius Research initiating coverage with a buy rating and an $82 target.
• Insider trading activity includes a significant sale by Dianne B. Ralston, who sold 39,727 shares, reflecting a 16.42% decrease in her holdings in the company.

Schlumberger (NYSE:SLB - Get Free Report)'s stock had its "hold (c-)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Jefferies Financial Group decreased their target price on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Melius Research initiated coverage on shares of Schlumberger in a research note on Wednesday, August 20th. They set a "buy" rating and a $82.00 target price for the company. Melius initiated coverage on shares of Schlumberger in a research note on Wednesday, August 20th. They set a "buy" rating and a $82.00 target price for the company. Finally, Zacks Research raised shares of Schlumberger from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.18.

Schlumberger Trading Down 1.2%

Schlumberger stock traded down $0.42 during midday trading on Wednesday, reaching $33.99. The stock had a trading volume of 15,216,068 shares, compared to its average volume of 17,220,960. The firm's fifty day simple moving average is $34.57 and its two-hundred day simple moving average is $35.04. Schlumberger has a twelve month low of $31.11 and a twelve month high of $45.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The firm has a market cap of $50.77 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 9.56 and a beta of 0.97.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities analysts anticipate that Schlumberger will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Nuveen LLC bought a new position in Schlumberger in the 1st quarter worth $169,232,000. Scharf Investments LLC increased its holdings in shares of Schlumberger by 20.5% during the 1st quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock worth $69,133,000 after purchasing an additional 281,773 shares during the period. Integrated Advisors Network LLC increased its holdings in shares of Schlumberger by 810.4% during the 1st quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company's stock worth $3,142,000 after purchasing an additional 66,907 shares during the period. Alan B Lancz & Associates Inc. bought a new position in shares of Schlumberger during the 1st quarter worth about $308,000. Finally, Stratos Investment Management LLC increased its holdings in shares of Schlumberger by 236.0% during the 1st quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company's stock worth $6,141,000 after purchasing an additional 103,182 shares during the period. Institutional investors own 81.99% of the company's stock.

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.

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