Schlumberger (NYSE:SLB) Rating Reiterated by Stifel Nicolaus

Schlumberger (NYSE:SLB)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a note issued to investors on Monday, Benzinga reports. They presently have a $64.00 target price on the oil and gas company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 29.16% from the stock’s current price.

A number of other research firms also recently commented on SLB. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. HSBC reaffirmed a “buy” rating and set a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th. Susquehanna reaffirmed a “positive” rating and set a $77.00 price target on shares of Schlumberger in a research report on Monday. Royal Bank of Canada increased their price target on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their target price on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Schlumberger Price Performance

SLB stock opened at $49.55 on Monday. Schlumberger has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The stock’s 50 day moving average price is $51.68 and its 200 day moving average price is $52.28. The firm has a market cap of $70.73 billion, a P/E ratio of 16.46, a PEG ratio of 0.95 and a beta of 1.60.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Schlumberger will post 3.51 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the transaction, the chief financial officer now owns 242,932 shares in the company, valued at approximately $11,816,212.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,768 shares of company stock worth $5,511,037. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of Schlumberger

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV increased its stake in Schlumberger by 1.4% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after acquiring an additional 171 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of Schlumberger by 0.5% during the third quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after purchasing an additional 176 shares during the last quarter. Stonegate Investment Group LLC grew its stake in shares of Schlumberger by 1.7% during the third quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after purchasing an additional 177 shares during the last quarter. CI Investments Inc. grew its stake in shares of Schlumberger by 4.9% during the third quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 192 shares during the last quarter. Finally, Montgomery Investment Management Inc. grew its stake in shares of Schlumberger by 1.9% during the third quarter. Montgomery Investment Management Inc. now owns 10,920 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 200 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.