Schlumberger (SLB) Downgraded by ValuEngine

Galtero Lara
Enero 13, 2018

It has underperformed by 26.05% the S&P500.

David Zusman decreased its stake in Schlumberger Ltd (SLB) by 40.13% based on its latest 2017Q3 regulatory filing with the SEC. The company has a market cap of $103,760.00, a price-to-earnings ratio of 192.05, a P/E/G ratio of 1.53 and a beta of 1.01. Following the sale, the vice president now owns 27,037 shares in the company, valued at approximately $2,162,689.63. Thompson Rubinstein Investment Management Inc who had been investing in Schlumberger Limited for a number of months, seems to be bullish on the $104.91B market cap company. (NYSE:SLB) traded up $0.91 during trading hours on Wednesday, reaching $75.81. About 4.98M shares traded.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 20th. It has underperformed by 20.00% the S&P500.

Investors sentiment decreased to 0.89 in 2017 Q3.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Ranger Invest Management Lp holds 0% or 405 shares. Dimensional Fund Advisors Lp has 4.94 million shares. According to their observations and findings, the stock could provide a high EPS of $0.49/share and a low EPS of $0.42/share. During the same period in the previous year, the company posted $0.25 EPS. sell-side analysts anticipate that Schlumberger Limited. will post 1.46 EPS for the current fiscal year. Moreover, Gamble Jones Counsel has 0.82% invested in Schlumberger Limited (NYSE:SLB) for 114,347 shares. Era Group Inc (NYSE:ERA) was reduced too. Sg Americas has invested 0.13% in Schlumberger Limited (NYSE:SLB). Provise Management Group Llc owns 69,791 shares or 0.15% of their United States portfolio. Magnetar Financial Ltd Liability Company holds 44,787 shares or 0.08% of its portfolio. Nationwide Fund has 1.22M shares for 0.34% of their portfolio. New York-based Gamco Et Al has invested 0.02% in Schlumberger Limited (NYSE:SLB). Atlanta Mngmt L L C has 0.03% invested in Schlumberger Limited (NYSE:SLB).

Since October 24, 2017, it had 0 buys, and 1 sale for $219,205 activity. Bank Of Nova Scotia Company stated it has 1,058 shares. Valley National Advisers Inc. raised its holdings in Schlumberger by 0.3% in the 2nd quarter.

Schlumberger Limited (NYSE:SLB) gross margin percentage stands at 13.3% while its operating margin for the past trailing twelve month is 4.2 percent and its overall profit margin (ttm) is 1.9 Percent. During the same quarter in the prior year, the company earned $0.65 earnings per share. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42.

Schlumberger Limited (SLB) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Therefore 77% are positive. The correct version of this report can be viewed at https://baseballnewssource.com/markets/gamco-investors-inc-et-al-has-4-02-million-holdings-in-schlumberger-limited-slb/1816347.html. The company was upgraded on Thursday, December 22 by Robert W. Baird. The rating was downgraded by Barclays Capital on Wednesday, June 21 to "Equal-Weight". Jefferies Group set a $78.00 target price on Schlumberger and gave the stock a "buy" rating in a report on Thursday, January 4th. Credit Suisse has "Outperform" rating and $80 target. The stock has "Buy" rating by Citigroup on Monday, October 5. The firm has "Buy" rating given on Monday, December 14 by KLR Group. Finally, JPMorgan Chase & Co. cut their target price on shares of Schlumberger from $79.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, September 12th. The rating was maintained by RBC Capital Markets with "Buy" on Wednesday, July 5. Penobscot Investment Management Company Inc.'s holdings in Schlumberger were worth $1,134,000 at the end of the most recent reporting period. It also reduced Baidu Inc F (NASDAQ:BIDU) stake by 2,115 shares and now owns 1,500 shares. Its down 0.08, from 0.97 in 2017Q2. Sand Hill Advsrs reported 63,061 shares. 58 funds opened positions while 95 raised stakes. Price T Rowe Associates Md accumulated 762,223 shares. Amer Intll stated it has 0.05% of its portfolio in Copart, Inc. Hall Laurie J Trustee holds 16,002 shares. Moreover, Whittier Trust Co has 0.08% invested in Copart, Inc. Smithbridge Asset De holds 29,536 shares or 1.45% of its portfolio. Covenant Multifamily Offices accumulated 18,076 shares. Zacks Investment, a Illinois-based fund reported 451,145 shares. Fayez Sarofim & invested in 54,778 shares or 0.03% of the stock. Perpetual Ltd now owns 165,184 shares of the oil and gas company's stock worth $10,876,000 after buying an additional 7,742 shares in the last quarter. Rr Ptnrs Limited Partnership reported 5.27% of its portfolio in Schlumberger Limited (NYSE:SLB). Blume owns 3.93% invested in Schlumberger Limited (NYSE:SLB) for 106,561 shares. AMETEK had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, August 27 by Argus Research. The firm has "Buy" rating by BMO Capital Markets given on Tuesday, November 7. The rating was initiated by Bernstein with "Mkt Perform" on Friday, December 2.

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