In today’s session Schlumberger Limited. (SLB) registered an unusually high (632) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SLB increase. With 632 contracts traded and 18444 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLB161021C00079000 closed last at: $1.66 or 5.1% up. About 616,658 shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 5.55% since March 2, 2016 and is uptrending. It has underperformed by 2.71% the S&P500.
Analysts await Schlumberger Limited. (NYSE:SLB) to report earnings on October, 21 before the open. They expect $0.24 EPS, down 69.23% or $0.54 from last year’s $0.78 per share. SLB’s profit will be $332.25M for 82.76 P/E if the $0.24 EPS becomes a reality. After $0.23 actual EPS reported by Schlumberger Limited. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.
Schlumberger Limited. (NYSE:SLB) Ratings Coverage
Out of 24 analysts covering Schlumberger Limited. (NYSE:SLB), 19 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 79% are positive. $120 is the highest target while $71 is the lowest. The $88.71 average target is 11.66% above today’s ($79.45) stock price. Schlumberger Limited. has been the topic of 71 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Schlumberger Limited. (NYSE:SLB) has “Sell” rating given on Monday, April 25 by Griffen Securities. The stock of Schlumberger Limited. (NYSE:SLB) earned “Outperform” rating by Oppenheimer on Monday, January 25. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Tuesday, March 29 by Citigroup. Oppenheimer maintained Schlumberger Limited. (NYSE:SLB) rating on Thursday, October 1. Oppenheimer has “Outperform” rating and $100 price target. The rating was upgraded by Citigroup to “Buy” on Thursday, September 3. The firm has “Outperform” rating given on Monday, April 25 by Cowen & Co. On Tuesday, August 16 the stock rating was maintained by Nomura with “Buy”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Outperform” rating by Oppenheimer on Monday, October 19. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Cowen & Co maintained the stock with “Outperform” rating in Friday, October 16 report.
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.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.42, from 1.17 in 2016Q1. The ratio increased, as 60 funds sold all Schlumberger Limited. shares owned while 438 reduced positions. 109 funds bought stakes while 682 increased positions. They now own 1.07 billion shares or 5.14% more from 1.02 billion shares in 2016Q1.
Moreover, Blackrock Invest Management Limited Company has 0.52% invested in Schlumberger Limited. (NYSE:SLB) for 5.19 million shares. Pineno Levin Ford Asset Management Inc holds 1.42% or 34,520 shares in its portfolio. Jupiter Asset Mngmt Ltd holds 54,356 shares or 0.16% of its portfolio. Birch Hill Advsr Limited Liability Corporation has invested 2.98% of its portfolio in Schlumberger Limited. (NYSE:SLB). Salem Invest Counselors Inc last reported 10,378 shares in the company. Citizens Northern Corporation, a Pennsylvania-based fund reported 20,511 shares. Amarillo Bank & Trust has 0.52% invested in the company for 14,644 shares. Indexiq Advsr Limited Liability Com accumulated 0.01% or 1,646 shares. Oxbow Advsrs Llc holds 0.59% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 52,522 shares. Driehaus Capital Mgmt Limited Liability accumulated 380,912 shares or 1.07% of the stock. Livforsakringsbolaget Skandia Omsesidigt has 0.45% invested in the company for 128,803 shares. State Board Of Administration Of Florida Retirement reported 2.05M shares or 0.52% of all its holdings. Eagle Glob Advsr has 116,148 shares for 0.27% of their US portfolio. State Street reported 63.60M shares or 0.54% of all its holdings. Guardian Mgmt owns 12,375 shares or 1.09% of their US portfolio.
Insider Transactions: Since April 25, 2016, the stock had 1 buying transaction, and 11 insider sales for $11.36 million net activity. The insider Olayan Lubna S. bought $115,605. Laureles Saul R. sold $80,620 worth of stock. The insider Foda Sherif sold 3,500 shares worth $276,220. MARKS MICHAEL E also sold $1.10M worth of Schlumberger Limited. (NYSE:SLB) on Monday, August 29. Gatti Amerino sold $330,525 worth of stock. Schorn Patrick sold $732,705 worth of stock or 9,128 shares. 11,900 shares were sold by Guild Howard, worth $967,708.
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 $109.99 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.
SLB Company Profile
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.
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