Schlumberger (SLB) Tops Estimates; Well Set For the Full Recovery in FY2017

Schlumberger Limited. Shares Price Target Increased By $7

Schlumberger (SLB) Tops Estimates; Well Set For the Full Recovery in FY2017

Following the transaction, the EVP Technology is left with a stake of 3982.33 shares, now valued at $344432. These analysts have also projected a Low Estimate of $0.21/share and a High Estimate of $0.5/share.

A number of other equities research analysts have also recently weighed in on the stock. After this transaction, the insider's stake stands at 35,224 shares, with a market value of $3046524. They issued a "buy" rating and a $90.00 price target on the stock. Analysts had expected Schlumberger Limited (NYSE:SLB) to post net income of about $0.27 per share on $7,070.74M in revenue.

Schlumberger Limited (NYSE:SLB) reported the earnings of $0.27/Share in the last quarter where the estimated EPS by analysts was $0.27/share. Finally, Guggenheim reiterated a "buy" rating on shares of Schlumberger a research note on Thursday, November 10th. SunTrust Banks Inc. started coverage on shares of Schlumberger NV in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The consensus price target on Schlumberger shares are $96.62. If you are viewing this news story on another site, it was illegally stolen and reposted in violation of global copyright and trademark law. Sanford C. Bernstein assumed coverage on Schlumberger NV in a report on Thursday, December 1st.

Schlumberger NV (NYSE:SLB) opened at 84.58 on Monday. The current share price indicates that stock is -68.89% away from its one year high and is moving 12.90% ahead of its one year low. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.11% where SMA50 and SMA200 are 3.57% and 9.39% respectively. A year ago, ~79% of the sell-side analysts recommended a "buy" for Schlumberger.

Schlumberger NV (NYSE:SLB) had its target price boosted by investment analysts at Credit Suisse Group AG to $95.00 in a research report issued to clients and investors on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.03. The Return on Equity (ROE) value stands at -6.4%. The company had revenue of $7107.00 million for the quarter, compared to analysts expectations of $7076.84 million. The business's revenue for the quarter was down 8.2% on a year-over-year basis. The company's revenue was down 17.2% compared to the same quarter previous year.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLB. (NASDAQ:CAFN) traded 10925 shares and was closed at $3.50 per share. The number of shares now owned by investors are 1.25 bln. Palladium Partners LLC raised its stake in Schlumberger 5.2% in the second quarter. Its EVP Technology BELANI ASHOK sold 46,577 company shares for $3982000.33, in a transaction on 2016-12-21. Invictus RG boosted its position in shares of Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company's stock valued at $104,000 after buying an additional 1,039 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Schlumberger NV by 1.0% in the third quarter. Following the completion of the transaction, the executive vice president now owns 125,642 shares of the company's stock, valued at approximately $10,742,391. Smith Asset Management Group LP boosted its position in shares of Schlumberger NV by 6.7% in the third quarter. Bowling Portfolio Management LLC now owns 6,354 shares of the company's stock worth $502,000 after buying an additional 33 shares during the last quarter.

In other news, VP Mark Danton sold 2,430 shares of Schlumberger NV stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Post opening the session at $85.85, the shares hit an intraday low of $83.9 and an intraday high of $85.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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