Schlumberger (NYSE:SLB) had its price target raised by investment analysts at Citigroup from $42.00 to $43.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Citigroup‘s price target indicates a potential upside of 15.72% from the stock’s previous close.

SLB has been the topic of several other research reports. Wells Fargo & Co cut their price objective on Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Cowen cut their price target on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. TheStreet lowered shares of Schlumberger from a “c” rating to a “d+” rating in a research note on Friday, October 18th. Deutsche Bank started coverage on shares of Schlumberger in a research note on Wednesday, November 27th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Morgan Stanley set a $50.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Schlumberger currently has an average rating of “Buy” and an average target price of $45.00.

NYSE:SLB opened at $37.16 on Tuesday. The company has a 50-day moving average of $35.59 and a 200-day moving average of $35.90. The firm has a market cap of $51.07 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 3.72 and a beta of 1.56. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. Schlumberger has a twelve month low of $30.65 and a twelve month high of $48.88.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, research analysts forecast that Schlumberger will post 1.46 earnings per share for the current year.

In related news, CAO Howard Guild sold 9,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $35.36, for a total value of $318,240.00. Also, VP Simon Farrant sold 5,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the sale, the vice president now owns 20,316 shares in the company, valued at $681,601.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,735 shares of company stock valued at $3,762,614. Insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new position in Schlumberger during the 2nd quarter worth about $32,000. Doyle Wealth Management bought a new stake in shares of Schlumberger during the second quarter valued at approximately $33,000. AllSquare Wealth Management LLC bought a new stake in shares of Schlumberger during the third quarter valued at approximately $37,000. Shamrock Asset Management LLC increased its holdings in shares of Schlumberger by 49.6% in the second quarter. Shamrock Asset Management LLC now owns 1,061 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 352 shares in the last quarter. Finally, Acima Private Wealth LLC lifted its holdings in Schlumberger by 34.1% during the 3rd quarter. Acima Private Wealth LLC now owns 1,239 shares of the oil and gas company’s stock worth $42,000 after buying an additional 315 shares in the last quarter. 76.67% of the stock is owned by institutional investors.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Analyst Recommendations for Schlumberger (NYSE:SLB)

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