Why Schlumberger Limited. (SLB) Stock Is Sinking Today

Why Schlumberger Limited. (SLB) Stock Is Sinking Today

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

Bright Rock Capital Management LLC's holdings in Schlumberger N.V. were worth $7,572,000 at the end of the most recent quarter. Schlumberger Ltd now has $87.43B valuation. The stock decreased 1.32% or $0.18 on October 20, reaching $13.09. About 19.26M shares traded or 194.95% up from the average.

Schlumberger Limited (NYSE:SLB) shares have moved -5.98% on the week. It has underperformed by 46.51% the S&P500. The short-interest ratio decreased to 3.0 and the percentage of shorted shares was 0.02% on September 29. (NYSE:SLB) last released its quarterly earnings results on Thursday, October 20th. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company's stock worth $145,000 after acquiring an additional 310 shares during the period. With 1.31M avg volume, 6 days are for Hovnanian Enterprises Incorporated (NYSE:HOV)'s short sellers to cover HOV's short positions. About 1.71M shares traded or 22.14% up from the average.

The stock decreased 0.63% or $0.05 on October 20, reaching $7.9. About 77,831 shares traded. Rockwell Automation (NYSE:ROK) has risen 42.76% since October 21, 2016 and is uptrending.

Schlumberger N.V.is a supplier of technology, integrated project management and information solutions to the global oil and gas exploration and production industry. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. It now has negative earnings. Well enhancement services consist of frac water heating, acidizing, hot oiling services and pressure testing. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company's stock valued at $108,000 after purchasing an additional 298 shares during the period. 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. Starbucks Corp (NASDAQ:SBUX) was raised too.

Three months ago, on the other hand, the average analyst rating for Schlumberger Limited (SLB) was a Moderate Buy - from a survey of 21 analysts. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Therefore 0 are positive. Goldcorp Inc. had 49 analyst reports since July 24, 2015 according to SRatingsIntel.

Schlumberger Limited (SLB) showed volatility of 1.56% over the past week. Meanwhile, the average 12-month price target from Wall Street analysts is now $78.61, this means that the stock is underpriced by 17.949%. The stock has "Outperform" rating by Oppenheimer on Monday, October 19. (NYSE:SLB) earned "Focus Stock" rating by Howard Weil on Monday, January 25. More interesting news about Schlumberger Limited. Jefferies maintained the shares of SLB in report on Monday, April 25 with "Hold" rating.

More news: Toi Ohomai celebrates Diwali festival of lights

The ex-dividend date was Friday the 1st of September 2017.

SLB stock was down 3% as of noon Friday and is down 25% year-to-date. (NYSE:SLB) shares. 3,625 shares were bought by CURRIE PETER L S, worth $250,203 on Tuesday, May 30. $2.77 million worth of stock was sold by Floridia Aaron Gatt on Monday, June 12.

Investors sentiment decreased to 0.88 in 2017 Q2. Schlumberger was last up 0.16 percent, while Baker Hughes were down just over 1 percent. It is the same, as 48 investors sold CI shares while 245 reduced holdings. only 81 funds opened positions while 200 raised stakes. Eaton Vance Mgmt invested in 0% or 12,107 shares. Ajo Limited Partnership holds 72,132 shares or 0.02% of its portfolio. (NYSE:SLB). Invesco holds 0.08% or 3.77M shares in its portfolio. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company's stock worth $613,696,000 after purchasing an additional 3,272,127 shares during the period. Paradigm Asset Mgmt Commerce Limited Liability Com has 0% invested in IDACORP Inc (NYSE:IDA) for 6,800 shares. Citigroup maintained the shares of ROK in report on Tuesday, April 19 with "Neutral" rating. Blackrock Inc., a New York-based fund reported 17,785 shares.

ILLEGAL ACTIVITY NOTICE: "Bright Rock Capital Management LLC Raises Holdings in Schlumberger N.V. (SLB)" was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. Wfg Limited Partnership has invested 0.18% in Las Vegas Sands Corp. The Maryland-based Proshare Limited Liability has invested 0.16% in Schlumberger Limited. Dupont Mngmt holds 291,145 shares or 0.43% of its portfolio. (NYSE:SLB). Finance Management Professionals stated it has 5,220 shares or 0.16% of all its holdings. State Of New Jersey Common Pension Fund D owns 20,000 shares or 0.01% of their U.S. portfolio. Schlumberger Limited. has $120 highest and $70.0 lowest target.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Latest News