By otakuyassine3@gmail.com 
Schlumberger (NYSE:SLB – Get Free Report) was downgraded by equities research analysts at Griffin Securities from a “buy” rating to a “neutral” rating in a report issued on Friday, Marketbeat reports.
SLB has been the topic of several other reports. BMO Capital Markets decreased their price objective on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Schlumberger in a research report on Thursday, October 3rd. Dbs Bank started coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price on the stock. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler began coverage on Schlumberger in a research note on Thursday. They issued a “neutral” rating and a $47.00 price objective for the company. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.85.
Check Out Our Latest Research Report on SLB
Schlumberger Trading Down 1.1 %
SLB stock opened at $36.91 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. The business has a 50 day simple moving average of $42.22 and a two-hundred day simple moving average of $43.80. Schlumberger has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.42 and a beta of 1.51.
Schlumberger (NYSE:SLB – Get Free Report) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that Schlumberger will post 3.39 EPS for the current fiscal year.
Insider Buying and Selling at Schlumberger
In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the sale, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.
Institutional Investors Weigh In On Schlumberger
Institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC lifted its position in Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 484 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger in the third quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in Schlumberger in the third quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. boosted its position in Schlumberger by 1,068.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP acquired a new position in Schlumberger in the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 81.99% of the company’s stock.
Schlumberger Company Profile
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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