UBS Group Raises Schlumberger (NYSE:SLB) Price Target to $45.00

Schlumberger (NYSE:SLB) had its price target hoisted by UBS Group from $44.00 to $45.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price target indicates a potential upside of 26.32% from the stock’s previous close.

Other analysts have also issued reports about the stock. Barclays cut their price target on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Wells Fargo & Company lowered their target price on Schlumberger from $46.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, June 5th. JPMorgan Chase & Co. reduced their price target on Schlumberger from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley decreased their price target on Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Finally, Jefferies Financial Group dropped their price objective on Schlumberger from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.85.

Schlumberger Stock Performance

Shares of NYSE SLB opened at $35.63 on Wednesday. The stock has a market cap of $48.46 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 9.40 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. Schlumberger has a 1-year low of $31.11 and a 1-year high of $50.94. The stock’s 50-day moving average is $34.51 and its 200 day moving average is $37.69.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, sell-side analysts anticipate that Schlumberger will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling at Schlumberger

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the transaction, the director directly owned 23,525 shares of the company’s stock, valued at $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of Schlumberger

Large investors have recently bought and sold shares of the company. First Command Advisory Services Inc. grew its position in shares of Schlumberger by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after buying an additional 477 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Schlumberger during the first quarter worth about $33,000. Alpine Bank Wealth Management purchased a new stake in Schlumberger in the first quarter worth about $34,000. Park Square Financial Group LLC bought a new position in shares of Schlumberger during the first quarter valued at approximately $38,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Schlumberger during the first quarter valued at approximately $40,000. 81.99% of the stock is owned by institutional investors.

About Schlumberger

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.