Schlumberger (NYSE:SLB) Sets New 12-Month High at $37.11

Schlumberger Limited (NYSE:SLB)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $37.11 and last traded at $36.74, with a volume of 236571 shares changing hands. The stock had previously closed at $36.45.

Several equities analysts have recently commented on the company. Oddo Securities assumed coverage on Schlumberger in a research report on Thursday, October 14th. They issued an “outperform” rating and a $44.50 price objective on the stock. JPMorgan Chase & Co. upgraded Schlumberger from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $37.00 in a research report on Thursday, October 7th. Zacks Investment Research downgraded Schlumberger from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Wednesday, October 27th. Barclays reiterated an “overweight” rating and issued a $48.00 target price (up from $38.00) on shares of Schlumberger in a research report on Monday, October 25th. Finally, Benchmark began coverage on Schlumberger in a research report on Friday, November 19th. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Schlumberger currently has a consensus rating of “Buy” and a consensus target price of $35.00.

The company has a 50 day simple moving average of $31.44 and a two-hundred day simple moving average of $30.45. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $53.03 billion, a P/E ratio of 32.32 and a beta of 2.29.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Thursday, October 21st. The oil and gas company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Schlumberger had a return on equity of 11.90% and a net margin of 7.44%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts expect that Schlumberger Limited will post 1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 13th. Stockholders of record on Wednesday, December 1st were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. Schlumberger’s dividend payout ratio is 42.74%.

In other news, insider Dianne B. Ralston sold 12,885 shares of the company’s stock in a transaction that occurred on Wednesday, December 8th. The stock was sold at an average price of $31.04, for a total transaction of $399,950.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLB. AdvisorNet Financial Inc grew its stake in Schlumberger by 53.6% in the third quarter. AdvisorNet Financial Inc now owns 911 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 318 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in Schlumberger in the second quarter worth approximately $30,000. Kozak & Associates Inc. purchased a new stake in Schlumberger during the third quarter worth $30,000. Liberty Wealth Management LLC lifted its holdings in Schlumberger by 50.4% during the third quarter. Liberty Wealth Management LLC now owns 1,047 shares of the oil and gas company’s stock worth $32,000 after buying an additional 351 shares during the period. Finally, Cedar Mountain Advisors LLC lifted its holdings in Schlumberger by 83.3% during the third quarter. Cedar Mountain Advisors LLC now owns 1,100 shares of the oil and gas company’s stock worth $33,000 after buying an additional 500 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Company Profile (NYSE:SLB)

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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