According to Bloomberg Ratings, the twenty different brokerages that cover Schlumberger Ltd (NYSE: SLB) have given the stock an average rating of “Moderate Buy.” This rating comes from the brokerages’ research on the company.
This evaluation pertains to the price of the company’s shares.
The stock has been given a buy rating by eighteen equity research professionals, while a hold rating has been assigned to it by two of these professionals.
Analysts have given their opinions on the stock within the past year, and the average price target they have set for the coming year is $62.38.
Dianne B. Ralston, an executive within the company, liquidated 10,493 of her shares of stock on Friday, December 23.
Another piece of recent news is that $551,092.36 was received for each share, equivalent to an average price of $52.52 per share, and was received when the shares were sold. Following the completion of the transaction, the corporate insider now owns 23,379 company shares, which have a combined value of $1,227,865.08.
If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale. On January 23, Executive Vice President Abdellah Merad sold 70,000 of the company’s shares of equity, which is related to the news just presented.
The stock brought in total revenue of $4,004,000.00 with an average price of $57.20 per share, which was the price at which it was sold.
After the completion of the transaction, the executive vice president now owns a total of 204,357 shares of the company, which have a combined value of $11,689,220.40.
If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale.
In addition, insider Dianne B. Ralston sold 10,493 shares of Schlumberger stock on Friday, December 23.
This transaction took place. $551,092.36 was received for each share, equivalent to an average price of $52.52 per share, and received when the shares were sold.
The company insider currently owns 23,379 shares, with a total value of approximately $1,227,865.08.
Disclosures related to the sale might be found in this website section.
During the most recent quarter, company insiders sold a total of 269,696 shares of stock, which resulted in a revenue of $15,227,195.
Insiders of the company currently hold 0.23% of the total number of shares outstanding.
Due to recent happenings, several equity research analysts have something to say about SLB shares. On Friday, December 9, Raymond James published the first report it would issue covering Schlumberger as part of its new coverage initiative.
They have assigned the company an “outperform” rating, and their price objective for each share is $65.00.
The recommendation that StockNews.com had previously given to Schlumberger, a “buy” rating, was changed to a “hold” rating on January 25.
In research released on Monday, January 30, Goldman Sachs Group raised their rating on Schlumberger’s shares from “hold” to “buy” and raised their price objective on the company from $58.00 to $65.00.
Additionally, they raised their price target for the business from $58.00 to $65.00. On January 19, Schlumberger was brought under Benchmark’s coverage after being excluded.
They recommended that the company “buy” the stock and establish a price objective of $65.00. Schlumberger’s rating at Piper Sandler was raised from “underweight” to “overweight” in a report made public on November 18 and authored by {Piper Sandler.
The number of institutional investors and hedge funds has either increased or decreased the amount of SLB they hold over the most recent few months.
During the first quarter of the fiscal year, Acadian Asset Management LLC invested approximately $25,000 in Schlumberger.
Through the first three months of 2018, Cetera Investment Advisers was able to amass an additional 35.3% of the total number of Schlumberger shares. Cetera Investment Advisers increased its holdings in the stock of the oil and gas firm during the most recent fiscal quarter by purchasing an additional 10,240 shares, bringing the total number of shares acquired to 39,287 with a value of $1,623,000.
This brought the total number of shares acquired to 39,287.
Dakota Wealth Management made the first investment in Schlumberger, which was in the amount of $232,000, and it was in that capacity that the investment was made. Sequoia Financial Advisors LLC invested $419,000 in Schlumberger over the first three months of 2018 to initiate a new stake in the company.
The last piece of news, but certainly not the least important, is that during the first quarter, Baird Financial Group INC increased the percentage of Schlumberger holdings is owned by 2.9%.
After making a new purchase of 3,209 shares during the most recent quarter, Baird Financial Group INC now owns 112,003 of the oil and gas company’s stock.
Based on the current market price, these shares are worth $4,627,000. Various hedge funds and other institutional investors own 80.22 percent of the company’s shares.
SLB shares began trading for the first time on Thursday, and the price per share opened at $45.32.
The company’s market capitalization is currently at $64.73 billion, its P/E ratio is 18.88, its PEG ratio is 0, and its beta value is 1.77. ye. commastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmas The company’s simple moving average over the past 50 days is $54.74, while its simple moving average over the past 200 days is $49.50.
The values presented here are a debt-to-equity ratio of 0.59, a current ratio of 1.25, and a quick ratio of 0.92.
On Friday, January 20, Schlumberger (NYSE: SLB) announced the release of its most recent quarterly earnings report to the public.
The oil and gas company’s earnings per share for the quarter came in at $0.71, $0.02 higher than the average estimate of $0.69 computed for the quarter’s earnings.
The revenue for the quarter came in at $7.88 billion, which is higher than the predictions made, which averaged out to $7.80 billion for the quarter’s total revenue.
The equity return for Schlumberger came in at 18.51%, and the net margin they achieved was 12.25%. Compared to the same quarter in the previous year, the increase in revenue was 26.6% higher than expected.
The company generated earnings of $0.41 per share during the same period the year before.
Earnings of $3.02 are anticipated to be generated by each share of Schlumberger stock in 2018, according to the average of the various projections.