Published: Fri, April 21, 2017
Business | By Max Garcia

The Research Analysts' Weekly Ratings Updates for Schlumberger Limited. (SLB)

The Research Analysts' Weekly Ratings Updates for Schlumberger Limited. (SLB)

Leerink Swann downgraded the stock to "Market Perform" rating in Thursday, May 19 report.

Schlumberger Limited. has a 52 week low of $72.00 and a 52 week high of $87.84 The company's market cap is now $0. With 6.63M avg volume, 3 days are for Schlumberger Limited (NYSE:SLB)'s short sellers to cover SLB's short positions. (NYSE:SLB) last posted its quarterly earnings data on Friday, January 20th.

WARNING: "Schlumberger Limited. (SLB) Posts Quarterly Earnings Results, Hits Estimates" was posted by The Cerbat Gem and is owned by of The Cerbat Gem. During the same quarter in the prior year, the business earned $0.65 earnings per share. However, overall revenue is expected to come lower than the year-ago-quarter on account of the challenges faced internationally. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share. Lpl Ltd Limited Liability Company invested in 0.08% or 127,613 shares. Schlumberger's current dividend yield of 2.6% is better than the 1.9% yield for the Zacks categorized Oil & Gas-Field Services industry. The ex-dividend date of this dividend was Monday, February 13th. Schlumberger Limited. now has an average rating of Buy and an average target price of $95.83.

Several equities analysts recently weighed in on SLB shares. Jefferies Group LLC upped their price target on Schlumberger Limited. from $96.00 to $99.00 and gave the company a "buy" rating in a report on Friday, January 27th. Schlumberger Limited. The company's market capitalization is $103.76 billion. Vetr upgraded Schlumberger Limited. from a buy rating to a strong-buy rating and set a $95.37 price target on the stock in a report on Wednesday, December 28th.

There are at least four stocks that are worth watching on Friday. The company now has a consensus rating of "Buy" and an average price target of $95.83.

In related news, Director Tore I. Sandvold sold 5,000 shares of the business's stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. After a recent check, company stock has been trading near the $76.86 mark.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

Increased hydraulic fracturing in the United States helped lift Schlumberger back into profitability in the first quarter after a loss in the previous three months.

Schlumberger shares fell more than 3 percent in midday trading. Huntington National Bank now owns 476,191 shares of the oil and gas company's stock worth $37,191,000 after buying an additional 2,562 shares during the last quarter. American Research & Management Co. increased its position in Schlumberger 8.5% in the first quarter. For the last period, the company reported quarter over quarter EPS growth of 81.80% and quarter over quarter sales growth of -8.00%.

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