November 24, 2016 - By Louis Casey · 0 Comments
Schlumberger LTD (NYSE:SLB) institutional sentiment decreased to 1.09 in Q2 2016. Its down -0.50, from 1.59 in 2016Q1. The ratio worsened, as 791 active investment managers increased and opened new equity positions, while 498 sold and reduced their positions in Schlumberger LTD. The active investment managers in our partner’s database now hold: 1.07 billion shares, up from 1.02 billion shares in 2016Q1. Also, the number of active investment managers holding Schlumberger LTD in their top 10 equity positions increased from 54 to 74 for an increase of 20. Sold All: 60 Reduced: 438 Increased: 682 New Position: 109.
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The company has a market cap of $112.96 billion. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. It currently has negative earnings. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
The stock decreased 0.12% or $0.1 on November 23, hitting $81.4. About 3.12 million shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 1.84% since April 22, 2016 and is uptrending. It has underperformed by 3.57% the S&P500.
Analysts await Schlumberger Limited. (NYSE:SLB) to report earnings on January, 20 before the open. They expect $0.28 EPS, down 56.92% or $0.37 from last year’s $0.65 per share. SLB’s profit will be $388.56M for 72.68 P/E if the $0.28 EPS becomes a reality. After $0.25 actual EPS reported by Schlumberger Limited. for the previous quarter, Wall Street now forecasts 12.00% EPS growth.
According to Zacks Investment Research, “Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services, solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis.”
First Reserve Gp Xii Ltd holds 61.38% of its portfolio in Schlumberger Limited. for 2.07 million shares. D.C. Capital Advisors Ltd owns 400,000 shares or 18.51% of their US portfolio. Moreover, Northern Cross Llc has 18.12% invested in the company for 15.66 million shares. The Texas-based Sequent Asset Management Llc has invested 17.91% in the stock. Gabalex Capital Management Llc, a New York-based fund reported 350,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 13 selling transactions for $12.53 million net activity.
Ratings analysis reveals 83% of Schlumberger Limited.’s analysts are positive. Out of 24 Wall Street analysts rating Schlumberger Limited., 20 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $71 while the high is $120. The stock’s average target of $88.96 is 9.29% above today’s ($81.4) share price. SLB was included in 73 notes of analysts from July 22, 2015. The stock has “Hold” rating given by Jefferies on Monday, July 11. The firm has “Buy” rating given on Tuesday, August 16 by Nomura. The rating was maintained by UBS on Wednesday, September 30 with “Buy”. The stock of Schlumberger Limited. (NYSE:SLB) has “Neutral” rating given on Wednesday, September 9 by Macquarie Research. On Monday, October 5 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Jefferies on Monday, April 25 with “Hold”. Oppenheimer maintained Schlumberger Limited. (NYSE:SLB) rating on Thursday, October 1. Oppenheimer has “Outperform” rating and $100 price target. The rating was maintained by Credit Suisse on Monday, April 4 with “Outperform”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Buy” rating by KLR Group on Monday, December 14. The stock has “Focus Stock” rating given by Howard Weil on Monday, January 25.
Schlumberger N.V., incorporated on November 6, 1956, is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production.
Another recent and important Schlumberger Limited. (NYSE:SLB) news was published by Seekingalpha.com which published an article titled: “Schlumberger Limited: No Evidence Of Productivity Improvements Is Seen Yet” on November 15, 2016.
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By Louis Casey