Spot Check on Stock With Abnormal Activity Schlumberger Limited (NYSE:SLB)

Jim Urquhart  Reuters

Jim Urquhart Reuters

Schlumberger Limited (SLB) has reported a 44.31 percent plunge in profit for the quarter ended March 31, 2017.

North American revenues rose 6% sequentially to $1.87 billion, while revenues in Latin America were flat, they fell 10% in Europe/Confederation of Independent States (Russia et al.)/Africa, and fell 7% in the Middle East/Asia region.

Several equities analysts recently weighed in on SLB shares. The biggest holder now is Didier Primat who owns 13,619,200 shares (0.98% of those outstanding), whilst Mr. Andrew F. Gould holds 2,056,684 (0.15% of shares outstanding) and Nicolas Seydoux holds 491,320 (0.04% of shares outstanding).

Schlumberger Limited. (NYSE:SLB) saw a significant increase in short interest in the month of March. In terms of recent volatility, the average for the month is 1.50% and 1.79% for the past week. Schlumberger Limited.'s dividend payout ratio (DPR) is presently -169.49%. During the same quarter in the prior year, the firm earned $0.65 EPS. Over the past month the firm's stock is -2.77%, -11.72% for the last quarter, -4.86% for the past six-months and -3.29% for the a year ago. For the past 5 days of trading, the stock has seen a move of -3.98%. While the stock price moved along with the volume change, shares are touching $74.27.

Schlumberger Limited. has a 52 week low of $72.00 and a 52 week high of $87.84 The company's market cap is now $0. Schlumberger Limited. The company has a 50-day moving average of $78.97 and a 200 day moving average of $81.60. The stock's current RSI reading is at 39.35. Finally, Evercore ISI reissued a "buy" rating and issued a $99.00 target price on shares of Schlumberger a research report on Tuesday, January 31st.

In addition to Vetr Inc. reporting its target price, a total of 34 firms have issued a report on the stock. BMO Capital Markets reaffirmed a "buy" rating and issued a $96.00 price target on shares of Schlumberger a report on Thursday, January 12th. Credit Suisse Group AG increased their target price on Schlumberger Limited. from $94.00 to $95.00 and gave the stock an "outperform" rating in a research report on Monday, January 23rd. If you are reading this news story on another site, it was illegally copied and reposted in violation of U.S. and global trademark & copyright laws.

There are at least four stocks that are worth watching on Friday. The company now has a consensus rating of "Buy" and an average price target of $95.83.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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