Press coverage about Schlumberger N.V. (NYSE:SLB) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Schlumberger N.V. earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 71 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- What’s in the Cards for Schlumberger (SLB) in Q2 Earnings? (zacks.com)
- Schlumberger Limited Valuation – July 2017 $SLB (moderngraham.com)
- Schlumberger’s 1-Year Returns on July 14, 2017 (finance.yahoo.com)
- Correlation between Schlumberger and Crude Oil on July 14 (finance.yahoo.com)
- Trade of the Day: Schlumberger Limited. (SLB) Stock Is Showing a Spark (investorplace.com)
A number of equities research analysts recently issued reports on SLB shares. Scotiabank restated a “buy” rating and issued a $95.00 price objective on shares of Schlumberger N.V. in a research note on Wednesday, March 22nd. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Barclays PLC reiterated an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a research report on Monday, April 24th. Tudor Pickering started coverage on Schlumberger N.V. in a research report on Thursday, March 23rd. They set a “buy” rating on the stock. Finally, Morgan Stanley upped their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $88.85.
Schlumberger N.V. (NYSE SLB) opened at 66.83 on Tuesday. The company’s market cap is $92.86 billion. Schlumberger N.V. has a one year low of $64.15 and a one year high of $87.84. The company’s 50 day moving average price is $68.98 and its 200-day moving average price is $77.62.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. Schlumberger N.V.’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, analysts forecast that Schlumberger N.V. will post $1.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.99%. Schlumberger N.V.’s payout ratio is currently -144.93%.
In other news, Director Peter L. S. Currie bought 3,625 shares of Schlumberger N.V. stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the acquisition, the director now directly owns 31,550 shares of the company’s stock, valued at $2,177,581. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
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About Schlumberger N.V.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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