In today’s session Schlumberger Limited. (SLB) registered an unusually high (1,534) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SLB increase. With 1,534 contracts traded and 113244 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SLB170120C00082500 closed last at: $3.2 or 3% down. About 1.37M shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 10.58% since March 15, 2016 and is uptrending. It has outperformed by 5.10% the S&P500.
Analysts await Schlumberger Limited. (NYSE:SLB) to report earnings on October, 21 before the open. They expect $0.24 earnings per share, down 69.23% or $0.54 from last year’s $0.78 per share. SLB’s profit will be $332.38M for 84.76 P/E if the $0.24 EPS becomes a reality. After $0.23 actual earnings per share 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. Schlumberger Limited. has been the topic of 72 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Citigroup maintained Schlumberger Limited. (NYSE:SLB) on Wednesday, October 21 with “Buy” rating. The rating was downgraded by Societe Generale to “Hold” on Thursday, April 28. Morgan Stanley maintained Schlumberger Limited. (NYSE:SLB) on Monday, April 25 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, August 16 by Nomura. The rating was maintained by Nomura with “Buy” on Monday, April 25. As per Wednesday, August 26, the company rating was upgraded by Standpoint Research. The firm earned “Buy” rating on Wednesday, September 30 by UBS. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Thursday, September 3 by HSBC. Jefferies maintained Schlumberger Limited. (NYSE:SLB) on Monday, April 25 with “Hold” rating. Morgan Stanley maintained Schlumberger Limited. (NYSE:SLB) rating on Tuesday, April 19. Morgan Stanley has “Overweight” rating and $105 price target.
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 improved, 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.
Shamrock Asset Mgmt Limited Liability Corporation accumulated 9,004 shares or 0.41% of the stock. Webster Commercial Bank N A holds 0.55% or 47,367 shares in its portfolio. First Manhattan Com has 72,039 shares for 0.03% of their US portfolio. Highstreet Asset holds 15,343 shares or 0.43% of its portfolio. The United Kingdom-based Hsbc Holdg Pcl has invested 0.33% in Schlumberger Limited. (NYSE:SLB). Moreover, Lombard Odier Asset (Switzerland) Sa has 0.04% invested in Schlumberger Limited. (NYSE:SLB) for 3,747 shares. Cape Cod Five Cents Bank & Trust has 0.18% invested in the company for 12,525 shares. Timber Creek Capital Ltd Co has 2.7% invested in the company for 40,860 shares. Montag Caldwell accumulated 3,600 shares or 0.01% of the stock. Scotia Capital owns 39,053 shares or 0.06% of their US portfolio. Blackhill Cap last reported 0.19% of its portfolio in the stock. Highland Management Ltd last reported 66,444 shares in the company. Serv Automobile Association owns 1.46M shares or 0.41% of their US portfolio. Everpoint Asset Mngmt Lc has 90,000 shares for 0.14% of their US portfolio. Carroll Assoc, a North Carolina-based fund reported 8,930 shares.
Insider Transactions: Since April 25, 2016, the stock had 1 buy, and 11 selling transactions for $11.36 million net activity. On Tuesday, June 7 Schorn Patrick sold $732,705 worth of the stock or 9,128 shares. Shares for $1.10 million were sold by MARKS MICHAEL E on Monday, August 29. $967,708 worth of shares were sold by Guild Howard on Monday, July 25. Rowe Robert Scott sold $645,281 worth of Schlumberger Limited. (NYSE:SLB) on Wednesday, July 27. Gatti Amerino had sold 4,068 shares worth $330,525. Foda Sherif sold $276,220 worth of stock. Laureles Saul R. had sold 1,000 shares worth $80,620.
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 $112.69 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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