The company’s 52-week range is $66.57 – $100.54 with the market capitalization of 94.45 billion. The highest target is $120 and the lowest is $62 according to Thomson/First Call.
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Schlumberger N.V. (NYSE:SLB) rose 0.5% or 0.37 points on Wednesday and made its way into the gainers of the day. (NYSE:SLB), 10 rate it “Buy”, 0 “Sell”, while 2 “Hold”. Its opening price on the last trading day was $74.60 whereas, its EPS stands at 3.36 with the Beta of 1.58.
Traders bought shares of Schlumberger Limited. Analysts see a 76.5% drop in EPS to 28 cents and a 35.1% drop in revenue to $5.65 billion.
Schlumberger Limited has a strong record of outperforming earnings forecasts, as it has surpassed the Street’s expectations in all the last eight quarterly results, however in revenue it has failed to come up to the Street’s expectations five times over the same period. Analysts expect the provider of tech solutions to the oil and gas industry to report EPS of $0.79 and revenue of $8.58 billion.
10/5/2015 – Schlumberger Limited. had its “buy” rating reaffirmed by analysts at Citigroup Inc. Susquehanna reissued a positive rating on shares of Schlumberger Limited.in a report on Friday, June 26th. On a consensus basis this yields to an Overweight rating. Schlumberger Limited. presently has a consensus rating of “Buy” and an average target price of $96.05. The stock failed to get pushed above the $41.98 barrier, the intraday high. Analysts have a consensus target price of $48.07 in the 12-month period. Morgan Stanley decreased price target from $125 to $120. They now have a $81.00 price target on the stock, down previously from $89.00.
During the quarter, the company repurchased 6.9 million shares of its common stock for a total purchase price of $545 million.
In other news, Director Darkes V. Maureen Kempston acquired 3,000 shares of Schlumberger Limited. stock in a transaction dated Thursday, August 27th. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The disclosure for this purchase can be found here.
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Even if crude prices improve next year, weak cash flows would curtail the ability of oil and gas companies to increase spending on exploration and production, Schlumberger Chief Executive Paal Kibsgaard said in a statement. The Companys segments include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon deposits; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Subsea, Water Services, Carbon Services and the Schlumberger Production Management field production projects.
