3 days Ago By ABMN Staff
Schlumberger ( NYSE:SLB – Get Free Report ) had its price target decreased by Stifel Nicolaus from $59.00 to $58.00 in a note issued to investors on Tuesday, Benzinga reports.
The firm currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 69.94% from the stock’s current price.
A number of other brokerages have also issued reports on SLB. Piper Sandler started coverage on shares of Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.
00 price objective for the company. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price target (down previously from $62.
00) on shares of Schlumberger in a research report on Wednesday, January 15th. BMO Capital Markets cut their target price on Schlumberger from $53.00 to $48.
00 in a research note on Thursday, January 16th. Wells Fargo & Company raised Schlumberger from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $46.00 to $44.
00 in a research note on Tuesday, April 8th. Finally, Susquehanna decreased their target price on shares of Schlumberger from $55.00 to $48.
00 and set a “positive” rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.15. Check Out Our Latest Report on SLB Schlumberger Stock Performance Schlumberger ( NYSE:SLB – Get Free Report ) last posted its quarterly earnings results on Friday, January 17th.
The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.
02. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.
24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.
29%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.
During the same quarter last year, the firm earned $0.86 earnings per share. As a group, sell-side analysts expect that Schlumberger will post 3.
38 EPS for the current fiscal year. Insider Activity In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.
20, for a total transaction of $309,400.00. Following the sale, the vice president now owns 11,240 shares of the company’s stock, valued at approximately $496,808.
This trade represents a 38.38 % 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 .
Also, insider Aparna Raman sold 25,133 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.
24. Following the completion of the transaction, the insider now owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68.
The trade was a 44.75 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is currently owned by insiders.
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its position in Schlumberger by 27.0% in the 3rd quarter.
Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock valued at $3,223,000 after purchasing an additional 16,350 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Schlumberger by 32.2% during the fourth quarter.
Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company’s stock worth $2,737,000 after buying an additional 17,405 shares during the period. Geode Capital Management LLC increased its position in Schlumberger by 4.8% in the 4th quarter.
Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock valued at $1,146,195,000 after acquiring an additional 1,377,134 shares during the period. Bryn Mawr Capital Management LLC raised its stake in Schlumberger by 502.6% during the 4th quarter.
Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company’s stock valued at $7,592,000 after acquiring an additional 165,162 shares during the last quarter. Finally, Narwhal Capital Management grew its stake in shares of Schlumberger by 225.5% in the 4th quarter.
Narwhal Capital Management now owns 74,645 shares of the oil and gas company’s stock valued at $2,862,000 after purchasing an additional 51,715 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.
About Schlumberger ( Get Free Report ) 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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