Schlumberger (NYSE: SLB)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Friday. They currently have a $91.00 target price on the stock.
Schlumberger traded down 0.37% on Friday, hitting $77.56. Schlumberger has a 52-week low of $59.12 and a 52-week high of $82.00. The stock’s 50-day moving average is currently $77.60. The company has a market cap of $103.0 billion and a price-to-earnings ratio of 19.00.
Schlumberger last issued its quarterly earnings data on Friday, January 18th. The company reported $1.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.13 by $0.05. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts expect that Schlumberger will post $4.74 EPS for the current fiscal year.
SLB has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger in a research note to investors on Monday. Separately, analysts at JPMorgan Chase raised their price target on shares of Schlumberger from $93.00 to $99.00 in a research note to investors on Tuesday, February 19th. They now have an “overweight” rating on the stock. Finally, analysts at Guggenheim reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Tuesday, February 19th. They now have a $90.00 price target on the stock.
Twenty-four analysts have rated the stock with a buy rating, six have assigned an overweight rating, and six have given a hold rating to the company’s stock. Schlumberger currently has an average rating of “overweight” and an average price target of $91.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 12th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.31 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.61%.
Schlumberger Limited (Schlumberger N.V.) provides a range of products and services from exploration through production.
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