Wall Street Analysts Forecast 17.9% on Schlumberger Limited (NYSE:SLB)

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Wall Street Analysts Forecast 17.9% on Schlumberger Limited (NYSE:SLB)

The stock has "Buy" rating by BMO Capital Markets on Tuesday, September 5. The Company operates in North America, Latin America, and the Middle East and Asia, among others. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares was 0.02% on August 31. Vanguard Group Inc. raised its stake in shares of Schlumberger N.V.by 2.9% during the second quarter. Currently, LendingClub Corporation net profit margin for the 12 months is at 0%. Legal & General Group Plc boosted its stake in Schlumberger NV by 4.0% in the first quarter. Institutional investors and hedge funds own 78.85% of the company's stock. Strategic Limited Co owns 0.23% invested in T. Rowe Price Group Inc (NASDAQ:TROW) for 6,700 shares. Finally, Swiss National Bank boosted its position in shares of Schlumberger N.V.by 25.8% in the first quarter. During the same period a year ago, the company earned $0.78 earnings per share. Schlumberger Limited (SLB) is intriguing when broken down to its core data. Baker Hughes merged with GE's (NYSE:GE) oil and gas business last summer, putting the company under the GE umbrella. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright & trademark laws. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/10/20/essex-investment-management-co-llc-has-4-14-million-holdings-in-schlumberger-n-v-slb.html.

Shares of Schlumberger NV (NYSE:SLB) traded down 0.15% during midday trading on Wednesday, reaching $81.04. The volume of 13.49 Million shares climbed down over an trading activity of 6.52 Million shares. The company has market cap of $86.23 billion. The stock's 50 day moving average price is $67.32 and its 200 day moving average price is $68.76. (NYSE:SLB) or 5,000 shares. When it comes to net revenue, the average estimate from a total of 26 analysts is 7.91 billion - compared to $7.02 billion posted in the year-ago period. For the three months ending September 30, the company posted revenue of $7.9 million, up 6 percent from the second quarter and 13 percent year-over-year. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.

"The reduction in global oil inventories in the third quarter is clearly showing that the oil market is now in balance, which is reflected in the upward movement in oil prices over the past month", Schlumberger Chairman and CEO Paal Kibsgaard said in a statement Friday. The shares were acquired at an average price of $66.78 per share, with a total value of $186,984.00. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. BidaskClub lowered Schlumberger N.V. from a "sell" rating to a "strong sell" rating in a report on Thursday, July 27th. Roth Capital maintained the stock with "Buy" rating in Monday, July 17 report. Finally, Wells Fargo & Co reiterated an "outperform" rating on shares of Schlumberger N.V.in a research report on Monday, July 10th. Recently, investment analysts covering the stock have updated the mean rating to 2.5. The company has a consensus rating of "Buy" and a consensus price target of $82.64.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Business's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group.

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