Published: Sat, October 21, 2017
Economy | By Shawn Conner

Schlumberger NV (NASDAQ:SLB) To Release Earnings

Schlumberger NV (NASDAQ:SLB) To Release Earnings

The stock has been active on the tape, now trading at $64.50, down from yesterday's close by -2.14%.

Looking forward, for the quarter ending Dec-17, 26 analysts have a mean sales target of 8,286.86 million. Schlumberger N.V. The firm has a market cap of $86.58 billion, a price-to-earnings ratio of 492.4000 and a beta of 1.05. The stock increased 1.51% or $1.76 during the last trading session, reaching $118.36.

About 62,977 shares traded. It is down 4.22% since October 20, 2016 and is downtrending. It has outperformed by 120.92% the S&P500. Reliance Trust sold 8,305 shares as Schlumberger Ltd (SLB)'s stock declined 11.04%.

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Schlumberger Ltd. and Baker Hughes, the world's two biggest oilfield service companies, say North America's growth engine is slowing. Schlumberger Ltd now has $87.43 billion valuation. The stock was bought at an average price of $64.20 per share, with a total value of $513,600.00. The price for Brent crude oil, the global benchmark, is up about 3.5 percent from the start of the year, trading near $57 per barrel early Friday. It has underperformed by 20.00% the S&P500. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company's stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares during the last quarter. Therefore 77% are positive. T. Rowe Price Group Inc had 63 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, July 10, the company rating was downgraded by Wells Fargo. The rating was maintained by Citigroup with "Neutral" on Wednesday, July 27. However, CEO Paal Kibsgaard told analysts and investors on the company's conference call Friday that the consensus estimate could be a bit on the high end. (NYSE:SLB) earned "Buy" rating by Scotia Capital on Thursday, March 23. Scotia Capital maintained Schlumberger Limited. The firm has "Buy" rating by BMO Capital Markets given on Tuesday, September 5. The firm has "Buy" rating by Jefferies given on Tuesday, November 15. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company's stock worth $145,000 after acquiring an additional 310 shares during the period.

Schlumberger, which generates most of its sales outside the US and Canada, also offered a positive note for the future in its statement, saying that a rebalancing of the global oil market is moving ahead, potentially leading to an overall industry recovery, though exactly when remained hard to call. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. (NYSE:SLB) for 55,445 shares. Tcw Grp stated it has 370,450 shares. Tower Rech Capital Ltd Liability Com (Trc) reported 112 shares. 175.45 million shares or 5.53% more from 166.26 million shares in 2017Q1 were reported. The California-based Wetherby Asset has invested 0.08% in T. Rowe Price Group Inc (NASDAQ:TROW). State Street reported 0.03% in Packaging Corp Of America (NYSE:PKG). Ghp Invest Advsr accumulated 0.14% or 13,611 shares. Parsons Capital Mngmt Ri reported 79,183 shares. (NYSE:SLB). Winslow Asset Inc holds 103,061 shares or 1.38% of its portfolio. Wedge Mgmt L Limited Partnership Nc reported 1.28% stake. Victory Capital holds 0.08% of its portfolio in Aramark (NYSE:ARMK) for 859,427 shares. It also upped Intuitive Surgical Inc (NASDAQ:ISRG) stake by 1,000 shares and now owns 12,000 shares. First Eagle Investment Management LLC boosted its position in shares of Schlumberger N.V.by 71.4% in the first quarter. $250,203 worth of Schlumberger Limited. Piper Jaffray maintained the stock with "Buy" rating in Thursday, July 20 report. Therefore 76% are positive. Asure Software had 16 analyst reports since August 14, 2015 according to SRatingsIntel. Scotia Capital has "Buy" rating and $95 target. On Monday, January 25 the stock rating was maintained by Barclays Capital with "Equal Weight". Moreover, Ancora Advisors Llc has 0.12% invested in the company for 220,307 shares. (SLB) opened at 64.50 on Friday. Suntrust Robinson upgraded the stock to "Buy" rating in Thursday, April 20 report.

Since May 30, 2017, it had 1 insider purchase, and 2 selling transactions for $2.87 million activity.

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Investors sentiment increased to 3.5 in 2017 Q2. Its down 0.05, from 0.98 in 2017Q1. Perhaps, that suggests something about why 78.01% of the outstanding share supply is held by institutional investors. (NYSE:SLB) was sold by Floridia Aaron Gatt on Monday, June 12.

SLB has been the subject of several other reports. Invesco Ltd holds 0% or 97,364 shares in its portfolio.

COPYRIGHT VIOLATION NOTICE: "New Mexico Educational Retirement Board Sells 12,100 Shares of Schlumberger N.V. (SLB)" was published by StockNewsTimes and is the property of of StockNewsTimes. Pictet Cie (Europe) invested in 32,970 shares or 0.31% of the stock. On Wednesday, June 7 SANDVOLD TORE I sold $349,100 worth of Schlumberger Limited. (NYSE:SLB). 20,062 were accumulated by Drexel Morgan & Co. Cambridge Advsrs holds 18,479 shares. Lombard Odier Asset (Europe) Ltd holds 0.09% or 24,321 shares. Spirit Of America Management Corp has 0.05% invested in Schlumberger Limited. Everence, Indiana-based fund reported 48,478 shares. Its down 8.73% from 6.74 million shares previously.

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