Why Schlumberger Limited. (SLB) Stock Is Sinking Today

Tammy Harvey
October 22, 2017

Investment House Llc sold 8,120 shares as Schlumberger Ltd (SLB)'s stock declined 11.04%. Tradewinds Capital Management LLC boosted its holdings in shares of Schlumberger N.V.by 29.8% in the first quarter. Cigna Corp now has $48.20 billion valuation. The stock increased 0.53% or $0.32 on October 20, reaching $60.7. The shares were bought at an average price of $66.78 per share, for a total transaction of $186,984.00. AT&T Inc. (NYSE:T) has declined 0.52% since October 21, 2016 and is downtrending. It has underperformed by 20.00% the S&P500. Schlumberger N.V. The business's revenue for the quarter was down 17.2% compared to the same quarter a year ago. The company's net profit margin has achieved the current level of 0.6 percent and possesses 13.4 percent gross margin. Next quarter's EPS is forecasted at $0.48 and the next full year EPS is anticipated to be $2.32. (NYSE:SLB). Highlander Capital Mngmt Llc has invested 0.12% of its portfolio in Schlumberger Limited. It has underperformed by 5.97% the S&P500. Its up 0.89, from 0.86 in 2017Q1. It dropped, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes.

More notable recent Schlumberger Limited. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company's stock worth $352,594,000 after purchasing an additional 1,557,982 shares during the period. Cls Investments Limited owns 1,049 shares. Old Mutual (Uk) Ltd owns 7,000 shares for 0.01% of their portfolio. Pinnacle Financial Prns reported 40,418 shares. The Parsec Financial Management Inc holds 94,201 shares with $6.20 million value, up from 88,963 last quarter. Azimuth Limited Liability Corp invested 0.4% of its portfolio in Schlumberger Limited. Weatherly Asset Management LP reported 0.2% of its portfolio in Schlumberger Limited. (NYSE:SLB). Asset Strategies Incorporated accumulated 1.33% or 68,144 shares. Aspiriant Limited Liability Co holds 0.11% or 18,377 shares in its portfolio. (NYSE:SLB) for 22,124 shares. About 1.19M shares traded. 4 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

Among 33 analysts covering Schlumberger Limited.

IDACORP, Inc.is a holding company. Legacy Cap Partners invested in 0.73% or 20,499 shares.

FT reports, The 30 analysts offering 12 month price targets for Schlumberger Limited. have a median target of 78.00, with a high estimate of 95.00 and a low estimate of 63.00. (NYSE:SLB) news were published by: Seekingalpha.com which released: "Schlumberger downgraded at BMO as 2018 estimates at risk" on October 11, 2017, also Nasdaq.com with their article: "Earnings Reaction History: Schlumberger Ltd, 58.3% Follow-Through Indicator, 2 ..." published on October 19, 2017, Seekingalpha.com published: "Schlumberger's (SLB) CEO Paal Kibsgaard on Q3 2017 Results - Earnings Call ..." on October 20, 2017. The firm has "Buy" rating given on Monday, April 25 by Nomura. The stock has "Outperform" rating by Oppenheimer on Monday, October 19. The firm has "Conviction Buy" rating by Goldman Sachs given on Monday, May 23. The company was initiated on Friday, February 19 by DA Davidson. (NYSE:SLB) earned "Buy" rating by Citigroup on Wednesday, October 21. (NYSE:SLB) on Friday, March 24 with "Buy" rating. (NYSE:SLB) rating on Monday, January 25.


The ex-dividend date was Friday the 1st of September 2017. On Tuesday, May 30 CURRIE PETER L S bought $250,203 worth of Schlumberger Limited. The insider Floridia Aaron Gatt sold $2.77 million. About 7,725 shares traded or 50.00% up from the average.

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.24, from 1.08 in 2017Q1. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company's stock worth $181,000 after acquiring an additional 305 shares during the period. Schulhoff And holds 2.33% or 101,087 shares in its portfolio. PGGM Investments now owns 414,592 shares of the company's stock worth $32,786,000 after buying an additional 113,523 shares during the period. Royal State Bank Of Canada stated it has 122,902 shares. Sei Invests holds 82,245 shares.

Since the beginning of the calendar year, the stock is 3.66%. Morgan Stanley owns 275,551 shares or 0% of their USA portfolio. (NYSE:SLB). Tiaa Cref Invest Management Ltd holds 5.64 million shares or 0.26% of its portfolio. The company has market cap of $331.88 million.

Since June 1, 2017, it had 0 buys, and 2 sales for $158,751 activity. Therefore 76% are positive. CIGNA had 45 analyst reports since July 27, 2015 according to SRatingsIntel. FBR Capital maintained the shares of SLB in report on Monday, September 21 with "Outperform" rating. The company was maintained on Wednesday, September 30 by UBS. (NYSE:T) on Tuesday, August 22 with "Buy" rating. At the moment, the average analyst rating for SLB is Moderate Buy. The stock of PharMerica Corporation (NYSE:PMC) earned "Underperform" rating by Barrington Research on Thursday, August 3. The company was maintained on Tuesday, September 12 by JP Morgan.

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