Economy

Schlumberger NV (SLB) Given a $71.00 Price Target at Credit Suisse Group

Schlumberger NV (SLB) Given a $71.00 Price Target at Credit Suisse Group”

Schlumberger N.V. The company has a market cap of $85.72 billion, a price-to-earnings ratio of 487.48 and a beta of 1.05. It now has negative earnings.

Sprucegrove Investment Management Ltd increased Schlumberger Ltd (SLB) stake by 79650% reported in 2017Q2 SEC filing. Park National Corp acquired 7,099 shares as Schlumberger Limited (SLB)'s stock declined 11.04%. The Sprucegrove Investment Management Ltd holds 159,500 shares with $10.50 million value, up from 200 last quarter. Hollencrest Securities Ltd Liability Corporation owns 0.07% invested in Schlumberger Limited. The stock declined 0.06% or $0.04 reaching $62.4 on the news. (NYSE:SLB) last issued its quarterly earnings data on Friday, October 20th. It has underperformed by 4.50% the S&P500.

Among 34 analysts covering Schlumberger Limited.

Among 7 analysts covering TriNet Group Inc (NYSE:TNET), 1 have Buy rating, 3 Sell and 3 Hold. Therefore 67% are positive. Schlumberger Limited. had 119 analyst reports since July 22, 2015 according to SRatingsIntel. On September 12 JP Morgan kept the stock rating at "Overweight" but moved down the price target to $76.00 from $101.00.

In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 11th. BMO Capital Markets reiterated a "buy" rating and set a $74.00 price objective (down from $89.00) on shares of Schlumberger N.V.in a research note on Thursday, July 13th. As per Tuesday, December 1, the company rating was downgraded by Oppenheimer. The company now has an average rating of Buy and an average target price of $80.54. (NYSE:SLB) was released by: Seekingalpha.com and their article: "Schlumberger Points To The "Paradigm Shift" Taking Place" with publication date: October 24, 2017. The company was downgraded on Thursday, February 25 by Longbow. The firm has "Buy" rating given on Monday, July 24 by Credit Suisse. As per Monday, December 19, the company rating was maintained by Maxim Group. The stock has "Sell" rating by UBS on Thursday, November 5. About 6.61M shares traded. (NYSE:TSLX) by 23,019 shares in the quarter, leaving it with 384,281 shares, and cut its stake in Mastercard Inc. Ishares Tr (EEM) was raised too.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1.

Several other institutional investors have also recently modified their holdings of SLB. First Eagle Investment Management LLC raised its position in Schlumberger N.V.by 103.9% during the 2nd quarter. First Personal Financial has 3,594 shares. For the next 5 years, Schlumberger Limited is expecting Growth of 45.82% per annum, whereas in the past 5 years the growth was -29.03% per annum. (NYSE:SLB) or 62,096 shares. Tokio Marine Asset Co holds 0.14% or 22,391 shares in its portfolio. Manufacturers Life Insur The has invested 0.06% in Ball Corporation (NYSE:BLL). Grisanti Capital Mgmt Ltd Limited Liability Company reported 1.46% of its portfolio in Schlumberger Limited. Meridian Counsel Inc invested 0.4% in Schlumberger Limited. Bokf Na owns 0.05% invested in Ball Corporation (NYSE:BLL) for 33,945 shares. Wolverine Asset Management Lc holds 12,800 shares or 0.01% of its portfolio. Northstar Asset Mgmt Limited Liability Corp holds 1.08% in Schlumberger Limited. (NYSE:SLB) news were published by: Investorplace.com which released: "Schlumberger Limited". (NYSE:SLB) has "Hold" rating given on Wednesday, January 18 by Suntrust Robinson. (NYSE:AVP) or 75,494 shares. Btim reported 164,041 shares stake. (NYSE:SLB). Art Advsr accumulated 16,671 shares or 0.06% of the stock. Cambiar Investors LLC grew its stake in Schlumberger N.V.by 53.8% during the second quarter. (NYSE:SLB). Barrington Strategic Wealth Mgmt Gp Ltd Com reported 0.27% stake.

Since May 30, 2017, it had 1 buy, and 2 selling transactions for $2.87 million activity. The insider Pauley Lisa Ann sold 20,960 shares worth $869,329. $250,203 worth of Schlumberger Limited. IFP Advisors Inc now owns 26,592 shares of the oil and gas company's stock worth $2,077,000 after purchasing an additional 856 shares during the last quarter. On Wednesday, June 7 SANDVOLD TORE I sold $349,100 worth of Schlumberger Limited. (NYSE:SLB) earned "Buy" rating by Jefferies on Friday, April 7.

Schlumberger N.V. has a 12 month low of $61.40 and a 12 month high of $87.84.

October 5 investment analysts at Citigroup held the company rating at "Buy" and moved down the price target from $93.00 to $80.00. The stock of Aduro BioTech Inc (NASDAQ:ADRO) has "Hold" rating given on Thursday, September 3 by Zacks. They set a "market perform" rating and a $92.00 target price on the stock. The firm earned "Hold" rating on Monday, July 11 by Jefferies. During the same quarter in the previous year, the firm earned $0.78 EPS. Jefferies Group also issued estimates for Schlumberger N.V.'s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.25 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $6.20 EPS.

About 5,320 shares traded. Avon Products, Inc. (NYSE:AVP) has declined 10.85% since October 24, 2016 and is downtrending. It has underperformed by 63.37% the S&P500.

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