Schlumberger (NYSE:SLB) was upgraded by equities research analysts at EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research note issued to investors on Wednesday, American Banking News.com reports.
A number of other analysts have also recently weighed in on SLB. Analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger in a research note on Tuesday, February 11th. Finally, 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. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and a consensus price target of $103.77.
Shares of Schlumberger (NYSE:SLB) traded up 0.89% on Wednesday, hitting $91.44. The stock had a trading volume of 1,036,963 shares. Schlumberger has a 52-week low of $69.08 and a 52-week high of $94.91. The stock has a 50-day moving average of $88.69 and a 200-day moving average of $88.10. The company has a market cap of $119.5 billion and a price-to-earnings ratio of 17.95.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The company reported $1.35 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.08 earnings per share. Schlumberger’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Schlumberger will post $5.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 11th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, February 14th.
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.
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