Schlumberger (NYSE:SLB) Trading 2.1% Higher - What's Next?

Schlumberger Limited (NYSE:SLB - Get Free Report) was up 2.1% during trading on Friday . The stock traded as high as $42.16 and last traded at $42.13. Approximately 2,893,018 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 11,079,968 shares. The stock had previously closed at $41.25.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Dbs Bank started coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They issued a "buy" rating and a $64.50 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Benchmark restated a "buy" rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Monday, July 22nd. UBS Group dropped their price target on Schlumberger from $63.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, Bank of America decreased their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.97.

Schlumberger Trading Up 1.2 %

The company has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $45.72. 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 company has a market capitalization of $59.66 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last announced its 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. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. Schlumberger's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, analysts forecast that Schlumberger Limited will post 3.41 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.64%. Schlumberger's dividend payout ratio (DPR) is presently 36.54%.

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Schlumberger

A number of institutional investors and hedge funds have recently modified their holdings of SLB. Sunbelt Securities Inc. increased its position in shares of Schlumberger by 2.2% in the 1st quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company's stock valued at $578,000 after buying an additional 230 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Schlumberger during the 1st quarter worth approximately $1,758,000. Wealthcare Advisory Partners LLC lifted its stake in Schlumberger by 15.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,242 shares of the oil and gas company's stock valued at $397,000 after purchasing an additional 965 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Schlumberger in the first quarter valued at $502,000. Finally, Capital Asset Advisory Services LLC increased its position in Schlumberger by 19.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 12,681 shares of the oil and gas company's stock worth $698,000 after buying an additional 2,071 shares during the period. 81.99% of the stock is owned by institutional investors.

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.