Analysts Set Schlumberger Limited (NYSE:SLB) PT at $70.87

Schlumberger Limited (NYSE:SLB) has earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $70.87.

A number of research firms recently issued reports on SLB. Stifel Nicolaus upped their target price on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays reduced their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Susquehanna reiterated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research report on Tuesday, February 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Schlumberger in a research note on Thursday, February 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Monday, March 4th.

Insider Buying and Selling

In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the transaction, the executive vice president now owns 386,841 shares in the company, valued at approximately $19,504,523.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares in the company, valued at $19,504,523.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,191 shares of company stock valued at $8,636,322. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SLB. BluePath Capital Management LLC purchased a new position in shares of Schlumberger in the 3rd quarter valued at $25,000. Acadian Asset Management LLC acquired a new stake in Schlumberger in the 1st quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Schlumberger in the fourth quarter valued at about $26,000. Coppell Advisory Solutions LLC acquired a new position in shares of Schlumberger during the second quarter worth about $27,000. Finally, MCF Advisors LLC boosted its position in shares of Schlumberger by 1,355.9% in the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 0.2 %

NYSE:SLB opened at $54.81 on Monday. Schlumberger has a 52-week low of $42.73 and a 52-week high of $62.12. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $50.50 and a 200-day simple moving average of $53.19. The company has a market capitalization of $78.24 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.99 and a beta of 1.59.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities research analysts expect that Schlumberger will post 3.54 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. Schlumberger’s payout ratio is 34.25%.

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.