Schlumberger NV (NYSE:SLB) Shares Sold by Essex Investment Management Co. LLC


Schlumberger NV (SLB) on Friday reported third-quarter profit of $545 million.

A number of brokerages have issued reports on SLB.

Receive Schlumberger N.V. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. with's FREE daily email newsletter. (NYSE:SLB), 25 have Buy rating, 1 Sell and 7 Hold. BidaskClub lowered Schlumberger N.V. from a "sell" rating to a "strong sell" rating in a report on Thursday, July 27th. At the time of writing, the First Call consensus price target for the company is $78.61. Finally, Wells Fargo & Co reaffirmed an "outperform" rating on shares of Schlumberger a research report on Monday, July 10th. The stock has a consensus rating of "Buy" and a consensus price target of $91.01. Schlumberger Ltd now has $86.53B valuation. The deal gets Schlumberger more involved in exploration and production, although as a non-operating partner. Jfs Wealth Advsrs Limited Co invested in 0% or 8 shares. The firm has fifty days moving average percentage of -2.55% to its latest price change.

"By leveraging our reservoir knowledge, oilfield services technology and project management expertise, we expect to lower development costs and maximize the value of this asset - in a market where our traditional business model is challenged to deliver the required financial returns", said Patrick Schorn, Schlumberger executive vice president of new ventures.

Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. Asure Software Inc (NASDAQ:ASUR) has risen 137.62% since October 20, 2016 and is uptrending.

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In terms of earnings per share, 33 analysts have a 0.48 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 24 analysts have a 0.46 EPS mean target and for the quarter ending Mar-18 there are 36 estimates of 1.49 EPS.

Schlumberger is the world's largest oilfield services company and was among those that encountered headwinds previous year when the price of crude oil dropped below $30 per barrel. Looking back further, Baidu, Inc. stock has been 48.54% over the last six months, and 60.89% since the start of the calendar year. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current year. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & global copyright & trademark law. Goldman Sachs upgraded the stock to "Buy" rating in Thursday, September 28 report. The shares were purchased at an average price of $66.78 per share, for a total transaction of $186,984.00. CA's holdings in Schlumberger N.V. were worth $6,163,000 as of its most recent filing with the Securities and Exchange Commission. It is negative, as 99 investors sold SLB shares while 590 reduced holdings.

Schlumberger, however, matched analysts' profit estimates and posted a 43 percent jump in business from North America.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. About 7.34 million shares traded or 12.40% up from the average. The company had a trading volume of 4,501,349 shares. Van Den Berg Management I Inc acquired 143,200 shares as Schlumberger Ltd (SLB)'s stock declined 11.04%. Syntal Capital Partners LLC boosted its stake in Schlumberger 0.5% during the 1st quarter. Legal & General Group Plc boosted its stake in Schlumberger NV by 4.0% in the first quarter.

Now insiders hold 18,284,111 shares in the business which makes up 1.32% of shares. Hedge funds and other institutional investors own 79.04% of the company's stock. The Company's divisions include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group.