Schlumberger (NYSE:SLB) Reaches New 12-Month High at $37.11

Schlumberger Limited (NYSE:SLB) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.11 and last traded at $36.74, with a volume of 236571 shares. The stock had previously closed at $36.45.

SLB has been the topic of a number of recent research reports. Benchmark initiated coverage on Schlumberger in a report on Friday, November 19th. They set a “hold” rating on the stock. Barclays reissued an “overweight” rating and set a $48.00 price objective (up previously from $38.00) on shares of Schlumberger in a report on Monday, October 25th. Oddo Bhf initiated coverage on Schlumberger in a report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective on the stock. Zacks Investment Research cut Schlumberger from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Wednesday, October 27th. Finally, Oddo Securities initiated coverage on Schlumberger in a report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $35.00.

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a market capitalization of $53.03 billion, a P/E ratio of 32.32 and a beta of 2.29. The firm has a 50-day moving average price of $31.44 and a 200 day moving average price of $30.45.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Thursday, October 21st. The oil and gas company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.94 billion. Schlumberger had a return on equity of 11.90% and a net margin of 7.44%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. On average, equities analysts anticipate that Schlumberger Limited will post 1.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 13th. Investors of record on Wednesday, December 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.50 annualized dividend and a yield of 1.32%. Schlumberger’s payout ratio is 42.74%.

In related news, insider Dianne B. Ralston sold 12,885 shares of the firm’s stock in a transaction that occurred on Wednesday, December 8th. The stock was sold at an average price of $31.04, for a total transaction of $399,950.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Schlumberger by 13.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 258,281 shares of the oil and gas company’s stock worth $8,268,000 after buying an additional 30,278 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Schlumberger by 31.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 80,291 shares of the oil and gas company’s stock worth $2,570,000 after buying an additional 19,024 shares during the period. Principal Financial Group Inc. lifted its holdings in Schlumberger by 1.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,956,708 shares of the oil and gas company’s stock worth $62,634,000 after buying an additional 29,922 shares during the period. National Asset Management Inc. lifted its holdings in Schlumberger by 40.4% in the 2nd quarter. National Asset Management Inc. now owns 26,487 shares of the oil and gas company’s stock worth $822,000 after buying an additional 7,617 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in Schlumberger by 4.2% in the 2nd quarter. Moors & Cabot Inc. now owns 59,272 shares of the oil and gas company’s stock worth $1,897,000 after buying an additional 2,364 shares during the period. Institutional investors and hedge funds own 74.71% of the company’s stock.

Schlumberger Company Profile (NYSE:SLB)

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

Recommended Story: Why is total return important?

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.