A number of firms have modified their ratings and price targets on shares of Schlumberger (NYSE: SLB) recently:
- 10/16/2024 – Schlumberger had its price target lowered by analysts at Barclays PLC from $67.00 to $63.00. They now have an “overweight” rating on the stock.
- 10/14/2024 – Schlumberger had its price target lowered by analysts at Bank of America Co. from $58.00 to $54.00. They now have a “buy” rating on the stock.
- 10/11/2024 – Schlumberger had its price target lowered by analysts at Susquehanna from $70.00 to $60.00. They now have a “positive” rating on the stock.
- 10/11/2024 – Schlumberger had its price target lowered by analysts at Stifel Nicolaus from $65.00 to $62.00. They now have a “buy” rating on the stock.
- 10/10/2024 – Schlumberger had its price target lowered by analysts at BMO Capital Markets from $60.00 to $58.00. They now have an “outperform” rating on the stock.
- 10/3/2024 – Schlumberger had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $69.00 price target on the stock.
- 10/1/2024 – Schlumberger had its price target lowered by analysts at JPMorgan Chase & Co. from $64.00 to $60.00. They now have an “overweight” rating on the stock.
- 9/25/2024 – Schlumberger had its price target lowered by analysts at Wells Fargo & Company from $53.00 to $49.00. They now have an “equal weight” rating on the stock.
- 9/18/2024 – Schlumberger is now covered by analysts at Dbs Bank. They set a “buy” rating and a $64.50 price target on the stock.
- 9/18/2024 – Schlumberger had its price target lowered by analysts at UBS Group AG from $63.00 to $57.00. They now have a “buy” rating on the stock.
- 9/16/2024 – Schlumberger had its price target lowered by analysts at Morgan Stanley from $65.00 to $60.00. They now have an “overweight” rating on the stock.
Schlumberger Price Performance
NYSE:SLB opened at $41.92 on Monday. The firm has a market capitalization of $59.92 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. The business has a 50 day simple moving average of $43.10 and a 200-day simple moving average of $45.95. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $60.85.
Schlumberger (NYSE:SLB – Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The company had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same period last year, the company earned $0.78 earnings per share. Schlumberger’s revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited will post 3.46 EPS for the current year.
Schlumberger Announces Dividend
Institutional Trading of Schlumberger
Several institutional investors have recently added to or reduced their stakes in SLB. Register Financial Advisors LLC purchased a new stake in shares of Schlumberger in the first quarter worth approximately $27,000. Manchester Capital Management LLC increased its stake in Schlumberger by 297.9% in the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 426 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of Schlumberger by 204.2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 392 shares during the last quarter. ORG Partners LLC lifted its position in shares of Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 484 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of Schlumberger in the second quarter worth about $30,000. Institutional investors own 81.99% of the company’s stock.
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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