Can Schlumberger Limited.’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Schlumberger Limited.'s Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Schlumberger Limited. (SLB) recorded an unusually high (470) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious SLB decrease. With 470 contracts traded and 7184 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: SLB180119P00072500 closed last at: $5.9 or 0% . About 2.69 million shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 3.20% since April 25, 2016 and is uptrending. It has underperformed by 2.81% the S&P500.

Analysts await Schlumberger Limited. (NYSE:SLB) to report earnings on January, 20 before the open. They expect $0.28 EPS, down 56.92% or $0.37 from last year’s $0.65 per share. SLB’s profit will be $389.05M for 72.99 P/E if the $0.28 EPS becomes a reality. After $0.25 actual EPS reported by Schlumberger Limited. for the previous quarter, Wall Street now forecasts 12.00% EPS growth.

Schlumberger Limited. (NYSE:SLB) Ratings Coverage

Out of 24 analysts covering Schlumberger Limited. (NYSE:SLB), 20 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 83% are positive. Schlumberger Limited. has been the topic of 73 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, October 1, the company rating was maintained by Oppenheimer. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Wednesday, September 30 by UBS. The firm has “Buy” rating by Evercore given on Saturday, August 22. The stock has “Buy” rating given by Societe Generale on Tuesday, July 19. Societe Generale downgraded it to “Hold” rating and $86 target price in Thursday, April 28 report. The firm earned “Outperform” rating on Monday, April 4 by Credit Suisse. The firm has “Focus Stock” rating by Howard Weil given on Monday, January 25. The firm has “Neutral” rating by Guggenheim given on Tuesday, May 10. The company was maintained on Thursday, August 27 by Argus Research. The company was maintained on Wednesday, October 21 by Citigroup.

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 decreased to 1.09 in Q2 2016. Its down 0.50, from 1.59 in 2016Q1. The ratio dived, 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.
Haverford, a Pennsylvania-based fund reported 781,951 shares. The Massachusetts-based Panagora Asset has invested 0.34% in Schlumberger Limited. (NYSE:SLB). Kistler accumulated 0.22% or 5,528 shares. S&Co holds 2.29% or 187,430 shares in its portfolio. Northern accumulated 18.46 million shares or 0.47% of the stock. The New York-based Jpmorgan Chase Company has invested 0.19% in Schlumberger Limited. (NYSE:SLB). Endurance Wealth Mngmt Inc accumulated 83,973 shares or 1.25% of the stock. Harding Loevner Ltd Partnership has invested 5.79% of its portfolio in Schlumberger Limited. (NYSE:SLB). Cohen Cap Management Inc holds 71,800 shares or 1.65% of its portfolio. Gfs Ltd Limited Liability Company holds 0.06% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 3,309 shares. Consolidated Grp Limited Liability Corp has 37,341 shares for 1.49% of their US portfolio. Teacher Retirement Systems Of Texas has 0.66% invested in the company for 1.23 million shares. Argent Management Llc holds 474,089 shares or 1.68% of its portfolio. Moreover, Davis R M has 0.59% invested in Schlumberger Limited. (NYSE:SLB) for 151,813 shares. Old Second Retail Bank Of Aurora owns 41,104 shares or 1.51% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 13 insider sales for $12.64 million net activity. $331,904 worth of Schlumberger Limited. (NYSE:SLB) was sold by Biguet Stephane. $2.63M worth of Schlumberger Limited. (NYSE:SLB) was sold by KIBSGAARD PAAL on Thursday, June 9. The insider Gatti Amerino sold $330,525. $80,620 worth of Schlumberger Limited. (NYSE:SLB) shares were sold by Laureles Saul R.. Rowe Robert Scott sold $645,281 worth of Schlumberger Limited. (NYSE:SLB) on Wednesday, July 27. Another trade for 13,600 shares valued at $1.10 million was made by MARKS MICHAEL E on Monday, August 29. 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 $113.59 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.

Another recent and important Schlumberger Limited. (NYSE:SLB) news was published by Seekingalpha.com which published an article titled: “Schlumberger signs deal for oil drilling study with Iran” on November 28, 2016.

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