SLB Limited (NYSE:SLB) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• SLB Limited has garnered a consensus recommendation of "Moderate Buy" from analysts, with 13 buy, 5 hold, and 2 strong buy ratings, and an average target price of $52.00.
• The company recently announced a quarterly dividend of $0.285 per share, resulting in an annual yield of 3.4%, set to be paid on January 8th, with an ex-dividend date of December 3rd.
• In its latest quarterly earnings report, SLB reported $0.69 EPS, exceeding estimates by $0.02, although revenue slightly missed expectations with $8.93 billion for the quarter.

SLB Limited (NYSE:SLB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.00.

A number of research analysts have issued reports on the company. Barclays decreased their target price on SLB from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Zacks Research upgraded shares of SLB from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Melius Research began coverage on shares of SLB in a research report on Wednesday, August 20th. They set a "buy" rating and a $82.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of SLB from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Finally, Atb Cap Markets raised shares of SLB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st.

SLB Stock Up 2.4%

NYSE SLB opened at $33.43 on Tuesday. The business has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $34.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The stock has a market capitalization of $49.92 billion, a PE ratio of 12.91, a PEG ratio of 9.13 and a beta of 0.97.

SLB (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the company posted $0.89 EPS. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts expect that SLB will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.4%. SLB's payout ratio is currently 44.02%.

Insider Transactions at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SLB. Twin Peaks Wealth Advisors LLC bought a new stake in SLB during the 2nd quarter worth approximately $25,000. First Command Advisory Services Inc. lifted its holdings in shares of SLB by 300.0% during the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 477 shares during the period. Atticus Wealth Management LLC acquired a new position in shares of SLB during the second quarter worth $29,000. Corsicana & Co. bought a new stake in shares of SLB in the third quarter worth $31,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in SLB in the first quarter valued at $33,000. Institutional investors own 81.99% of the company's stock.

About SLB

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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