Schlumberger N.V. (NYSE: SLB) has recently received a number of price target changes and ratings updates:

  • 7/13/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $74.00 price target on the stock, down previously from $89.00.
  • 7/12/2017 – Schlumberger N.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oilfield services behemoth Schlumberger Limited’s long-term debt has been on the rise since 2014 that is a matter of concern. Also, the company’s cash balance has been on the decline over the last five quarters. With crude prices drastically since June 2014, most of the drillers are planning to significantly curb this year’s capital expenditures. This is expected to hamper Schlumberger’s business in 2017, as it assists the drilling firms in setting up oil wells. Furthermore, we expect Schlumberger shares to remain soft as the company will also be affected by seasonal activity slowdown and lower pricing due to excess capacity in the U.S. Moreover, the company has lesser exposure to the U.S shale plays where drillers have been gathering constantly. Hence, the oilfield services player is losing the opportunity to get many profitable contracts from the shale drillers of late.”
  • 7/10/2017 – Schlumberger N.V. had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/7/2017 – Schlumberger N.V. was given a new $90.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/6/2017 – Schlumberger N.V. was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $80.00 price target on the stock, down previously from $94.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/5/2017 – Schlumberger N.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oilfield services behemoth Schlumberger Limited’s shares underperformed the broader industry in the last three months. With crude prices drastically since June 2014, most of the drillers are planning to significantly curb this year’s capital expenditures. This is expected to hamper Schlumberger’s business in 2017, as it assists the drilling firms in setting up oil wells. Furthermore, we expect Schlumberger shares to remain soft as the company will also be affected by seasonal activity slowdown and lower pricing due to excess capacity in the U.S. Moreover, the company has lesser exposure to the U.S shale plays where drillers have been gathering constantly. Hence, the oilfield services player is losing the opportunity to get many profitable contracts from the shale drillers of late.”
  • 7/5/2017 – Schlumberger N.V. was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $92.00 price target on the stock.
  • 6/29/2017 – Schlumberger N.V. was downgraded by analysts at Iberia Capital from an “outperform” rating to a “sector perform” rating. They now have a $77.00 price target on the stock, down previously from $100.00.
  • 6/27/2017 – Schlumberger N.V. was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
  • 6/27/2017 – Schlumberger N.V. was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $68.00 price target on the stock, down previously from $86.00.
  • 6/22/2017 – Schlumberger N.V. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $89.00 price target on the stock.
  • 6/21/2017 – Schlumberger N.V. was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $73.00 price target on the stock, down previously from $98.00.
  • 6/21/2017 – Schlumberger N.V. had its price target raised by analysts at Morgan Stanley from $90.00 to $110.00. They now have an “equal weight” rating on the stock.
  • 6/21/2017 – Schlumberger N.V. had its “neutral” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $80.00 price target on the stock, down previously from $86.00.
  • 6/16/2017 – Schlumberger N.V. was given a new $90.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 5/30/2017 – Schlumberger N.V. had its price target lowered by analysts at Bank of America Corporation from $70.00 to $69.00. They now have a “neutral” rating on the stock.

Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.03% on Monday, reaching $66.83. The company’s stock had a trading volume of 6,438,534 shares. The company’s 50 day moving average price is $68.98 and its 200 day moving average price is $77.62. The company’s market cap is $92.86 billion. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. Analysts forecast that Schlumberger N.V. will post $1.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.00 annualized dividend and a yield of 2.99%. Schlumberger N.V.’s payout ratio is -144.93%.

In other news, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the sale, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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