Schlumberger N.V. (SLB) Receiving Somewhat Favorable News Coverage, Study Shows
Media stories about Schlumberger N.V. (NYSE:SLB) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Schlumberger N.V. earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.1385564683692 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s rankings:
- FY2018 EPS Estimates for Schlumberger N.V. (SLB) Decreased by Analyst (americanbankingnews.com)
- Q1 2018 EPS Estimates for Schlumberger N.V. (SLB) Lowered by SunTrust Banks (americanbankingnews.com)
- Schlumberger N.V. (SLB) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Schlumberger NV (SLB) Ownership Down in Latest Report from Korea Investment Corp – First News 24 (firstnewspaper24.com)
- Earnings Review and Free Research Report: Core Laboratories’ EPS Increased 26.3% (finance.yahoo.com)
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year.
SLB has been the topic of several analyst reports. Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Loop Capital lowered their target price on Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Royal Bank Of Canada set a $86.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, October 7th. Finally, Scotiabank set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. currently has an average rating of “Buy” and a consensus target price of $80.08.
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In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of Schlumberger N.V. stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.
Schlumberger N.V. Company Profile
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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