Schlumberger Limited. had its price target lowered by analysts at Robert W. Baird from $105.00 to $99.00. The company has a consensus rating of Buy and an average target price of $96.05.
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Now the company Insiders own 0.29% of Schlumberger Lt Company shares according to the proxy statements. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. However, the company has a below par record when it comes to revenue as it missed the Street’s estimates five times in the previous eight quarters. The stock’s performance over the course of a year is -28.68%. This is expected to hamper Schlumberger’s business in 2015, as it assists the drilling firms in setting up oil wells. Our stocks momentum model is shown on the price chart below.
9/21/2015 – Schlumberger Limited. had its “overweight” rating reaffirmed by analysts at Morgan Stanley. Its 52-week low range is $7.21 and the 52-week high range approaches $18.00.
9/9/2015 – Schlumberger Limited. had its “neutral” rating reaffirmed by analysts at Macquarie.
Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $48.58 billion in 2014. Schlumberger Limited. has a 52 week low of $66.57 and a 52 week high of $100.54.
For the latest quarter, Schlumberger reported that revenue in North America dropped 47%. They now have a $106.00 price target on the stock. The company has a market cap of $94,828 million and the number of outstanding shares have been calculated to be 1,265,383,000 shares. The stock’s 50 day moving average is $73.57 and its 200 day moving average is $83.86.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Thursday, July 16th.
During 2QFY15, the company posted an EPS of 88 cents which beat the analysts’ consensus estimate by a significant 11.1% or nine cents, whereas the revenue for the quarter came out at $9.01 billon which was below the consensus estimate by a mere 0.5%.
Revenue declined by 33% year-over-year to $8.47 billion for the quarter ended September 30, falling short of the $8.56 billion that analysts had expected, due to a decline in drilling activity. The business earned $9.01 billion during the quarter, compared to the consensus estimate of $9.19 billion. Price/Sales for the same period is 2.12 while EPS is $3.37.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kempston Darkes V Maureen, director of Schlumberger Ltd /Nv/ had purchased 3,000 shares on August 27, 2015 in a transaction. Following the acquisition, the director now directly owns 7,500 shares of the company’s stock, valued at $541,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The price per share was $72.24 and the total amount of the disclosed transaction was $216,720. The disclosure for this purchase can be found here.
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Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.
