Why Schlumberger Limited. (SLB) Stock Is Sinking Today

Why Schlumberger Limited. (SLB) Stock Is Sinking Today

(The) restated a "conviction-buy" rating on shares of Schlumberger N.V.in a research note on Saturday, July 22nd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. (NYSE:SLB) were released by: Zacks.com and their article: "Schlumberger (SLB) Q3 Earnings In-Line, Revenues Lag October 20, 2017" published on October 20, 2017 as well as Seekingalpha.com's news article titled: "Schlumberger downgraded at BMO as 2018 estimates at risk" with publication date: October 11, 2017. To measure price-variation, we found SLB's volatility during a week at 1.56% and during a month it has been found around 1.4%. Global X Company Ltd Liability holds 0.03% or 13,195 shares in its portfolio. Wunderlich Managemnt has 12,068 shares for 0.59% of their portfolio. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Schlumberger N.V.by 1.7% in the second quarter. "LLC" was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this article on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation. (NYSE:SLB). Train Babcock Advisors Ltd Liability Corp has 1.54% invested in Schlumberger Limited.

Schlumberger N.V. has a 52-week low of $61.40 and a 52-week high of $87.84. (SLB) traded down 3.07% on Friday, hitting $62.52. The company has market cap of $1.48 billion. (NASDAQ:BIDU) have been seen trading 34.82% away from the 200-day moving average and 11.40% off the 50-day moving average. Schlumberger N.V. announced a dividend that will be paid on Friday the 13th of October 2017. (NYSE:SLB) posted its earnings results on Friday.

However, while the quarterly results were positive, activity moderated and rigs are falling, noted SLB CEO Paal Kibsgaard. Schlumberger N.V. Schlumberger N.V.'s quarterly revenue was up 12.6% on a year-over-year basis. They expect $-1.18 EPS, up 2.48% or $0.03 from last year's $-1.21 per share.

Schlumberger is expected to boost earnings in the fourth quarter to 48 cents a share, excluding certain items, according to the average of 33 analysts' estimates compiled by Bloomberg. The firm has "Buy" rating given on Wednesday, August 30 by Cowen & Co.


On 8/11/2017 Michael E Marks, Director, bought 8,000 with an average share price of $64.20 per share and the total transaction amounting to $513,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The shares were acquired at an average price of $66.78 per share, with a total value of $186,984.00. (NYSE:SLB). Markston Int Llc reported 0.56% stake. Jefferies Group LLC set a $80.00 price objective on shares of Schlumberger N.V. and gave the company a buy rating in a research note on Friday, August 25th. Finally, Deutsche Bank AG started coverage on shares of Schlumberger N.V.in a research note on Tuesday, October 10th. The stock presently has a consensus rating of Buy and an average price target of $91.01. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Schlumberger N.V.in a research report on Wednesday, September 6th. On July 6, 2017 the stock rating was rated "Outperform" in a report from Bernstein which was a boost from the previous "Market Perform" rating.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 4 have Buy rating, 3 Sell and 8 Hold. The Company's divisions include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group.

The Reservoir Characterization segment was supported by strong contributions from the worldwide market.

Reservoir Characterization: This group posted revenues of $1,771 million as against $1,667 million in the prior-year quarter.

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