Susquehanna Cuts Schlumberger (NYSE:SLB) Price Target to $48.00

Schlumberger (NYSE:SLB - Free Report) had its price target trimmed by Susquehanna from $55.00 to $48.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a positive rating on the oil and gas company's stock.

SLB has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Jefferies Financial Group dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. TD Cowen raised their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.15.

Schlumberger Trading Up 2.8 %

Shares of Schlumberger stock traded up $0.94 during trading on Monday, reaching $35.09. 15,915,644 shares of the company were exchanged, compared to its average volume of 13,076,236. The business has a 50-day moving average price of $39.48 and a 200-day moving average price of $40.83. The firm has a market capitalization of $47.72 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger has a twelve month low of $31.11 and a twelve month high of $50.94. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Schlumberger will post 3.38 EPS for the current fiscal year.

Insider Activity

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,905 shares of company stock worth $13,609,283. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of Schlumberger

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Schlumberger in the 4th quarter valued at about $735,398,000. Pacer Advisors Inc. raised its position in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after purchasing an additional 12,938,082 shares during the period. Price T Rowe Associates Inc. MD grew its position in Schlumberger by 7.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock valued at $2,913,312,000 after purchasing an additional 5,225,828 shares during the period. Lazard Asset Management LLC increased its stake in Schlumberger by 3,112.1% during the 4th quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock valued at $139,059,000 after purchasing an additional 3,514,134 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Schlumberger by 12.2% during the fourth quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock worth $1,101,804,000 after buying an additional 3,119,543 shares during the last quarter. 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.