Schlumberger Stock Rating Reaffirmed by TheStreet (SLB)

Share on StockTwits

Schlumberger (NYSE:SLB)‘s stock had its “hold” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports.

The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”

Schlumberger (NYSE:SLB) opened at 89.08 on Tuesday. Schlumberger has a 52 week low of $69.08 and a 52 week high of $94.91. The stock’s 50-day moving average is $88.46 and its 200-day moving average is $87.7. The company has a market cap of $116.5 billion and a P/E ratio of 17.64.

Schlumberger (NYSE:SLB) last released its earnings data on Friday, January 17th. The company reported $1.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.35. The company had revenue of $11.91 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Schlumberger will post $5.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 11th. Investors of record on Wednesday, February 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 14th.

A number of other firms have also recently commented on SLB. Analysts at Griffin Securities initiated coverage on shares of Schlumberger in a research note on Thursday, January 30th. They set a “buy” rating on the stock. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Schlumberger in a research note on Tuesday, January 28th. They now have a $102.00 price target on the stock, down previously from $105.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger in a research note on Monday, January 27th. They now have a $93.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $103.77.

Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Sovaldi Sales at Gilead Key to Earnings in First Quarter
Sovaldi Sales at Gilead Key to Earnings in First Quarter
Rubin Hurricane Carter Dead at Age 76
Rubin Hurricane Carter Dead at Age 76
Teva Denied Request for Patent Relief
Teva Denied Request for Patent Relief
Craze of Oil Swishing Hits the U.S.
Craze of Oil Swishing Hits the U.S.
Twelve Killed in Single Deadliest Avalanche on Mount Everest
Twelve Killed in Single Deadliest Avalanche on Mount Everest
Profit at American Express Exceeds Estimates
Profit at American Express Exceeds Estimates


Leave a Reply

 
© 2006-2014 WKRB News. Subscribe Subscribe