Schlumberger Limited (SLB) Reaches $68.60 After 9.00% Down Move; 2 Bullish Analysts Covering Avid Technology, Inc. (AVID)

May 26, 2018 - By Marie Mckinney

Schlumberger Limited (NYSE:SLB) Logo

The stock of Schlumberger Limited (NYSE:SLB) is a huge mover today! The stock decreased 3.68% or $2.62 during the last trading session, reaching $68.6. About 10.72 million shares traded or 53.33% up from the average. Schlumberger Limited (NYSE:SLB) has declined 16.28% since May 26, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.The move comes after 9 months negative chart setup for the $95.02B company. It was reported on May, 26 by Barchart.com. We have $62.43 PT which if reached, will make NYSE:SLB worth $8.55B less.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Sell” rating by Dougherty on Thursday, December 7. As per Wednesday, December 9, the company rating was initiated by Singular Research. BWS Financial maintained Avid Technology, Inc. (NASDAQ:AVID) rating on Wednesday, November 11. BWS Financial has “Buy” rating and $11 target. On Tuesday, August 11 the stock rating was downgraded by Dougherty & Company to “Buy”. BWS Financial downgraded Avid Technology, Inc. (NASDAQ:AVID) rating on Thursday, November 10. BWS Financial has “Hold” rating and $5 target. See Avid Technology, Inc. (NASDAQ:AVID) latest ratings:

07/12/2017 Broker: Dougherty Rating: Sell New Target: $4.5 Downgrade

Since January 22, 2018, it had 3 buys, and 3 sales for $6.93 million activity. The insider AYAT SIMON sold $5.91M. 3,000 shares were bought by Al Mogharbel Khaled, worth $192,900. 5,000 shares valued at $323,950 were bought by Schorn Patrick on Monday, March 26. Shares for $646,800 were bought by KIBSGAARD PAAL on Monday, March 26. 3,000 Schlumberger Limited (NYSE:SLB) shares with value of $218,049 were sold by Jaramillo Claudia. 25,000 shares were sold by Guild Howard, worth $1.96M.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 149 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Wednesday, October 5. SunTrust maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. SunTrust has “Buy” rating and $8200 target. The stock has “Mkt Perform” rating by Bernstein on Friday, December 2. The firm has “Buy” rating given on Wednesday, October 21 by Citigroup. RBC Capital Markets maintained it with “Buy” rating and $73.0 target in Thursday, December 21 report. The rating was maintained by Seaport Global with “Buy” on Monday, April 23. Standpoint Research upgraded the shares of SLB in report on Wednesday, August 26 to “Hold” rating. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Cowen & Co on Friday, April 13. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, January 22 by Credit Suisse. Citigroup maintained Schlumberger Limited (NYSE:SLB) rating on Tuesday, March 29. Citigroup has “Buy” rating and $82 target.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20. They expect $0.46 earnings per share, up 31.43% or $0.11 from last year’s $0.35 per share. SLB’s profit will be $637.16 million for 37.28 P/E if the $0.46 EPS becomes a reality. After $0.38 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It is negative, as 90 investors sold Schlumberger Limited shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Orrstown Service stated it has 136 shares or 0.01% of all its holdings. Smithbridge Asset Mgmt De has 28,536 shares for 1.21% of their portfolio. Sigma Inv Counselors Incorporated reported 24,248 shares. Nwq Investment Management Llc holds 427,416 shares or 0.37% of its portfolio. The Ontario – Canada-based Savings Bank Of Nova Scotia has invested 0.07% in Schlumberger Limited (NYSE:SLB). Boys Arnold & holds 0.46% or 45,853 shares. Ancora Advsr Ltd Liability Corp reported 0.22% in Schlumberger Limited (NYSE:SLB). Proffitt Goodson reported 0.41% stake. Birmingham Mngmt Co Al reported 55,510 shares stake. Department Mb Retail Bank N A has invested 0% in Schlumberger Limited (NYSE:SLB). Brown Brothers Harriman And reported 0.02% in Schlumberger Limited (NYSE:SLB). Dowling And Yahnke Ltd holds 40,856 shares or 0.25% of its portfolio. Gofen Glossberg Ltd Il invested 1.24% of its portfolio in Schlumberger Limited (NYSE:SLB). Asset Advsrs Corporation owns 5,500 shares. Cls Investments has 760 shares for 0% of their portfolio.

Schlumberger Limited supplies technology services and products to the gas and oil exploration and production industry worldwide. The company has market cap of $95.02 billion. The Company’s Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. It currently has negative earnings. The Company’s Drilling Group segment designs, makes, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $216.64 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Nasdaq.com which released: “Avid Enters Multiyear Agreement with Seneca College to Upgrade Media Creation and Production Teaching Facilities …” on May 23, 2018, also Nasdaq.com with their article: “Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance” published on May 10, 2018, Investingnews.com published: “Avid Enters Multiyear Agreement with Seneca College” on May 23, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Nasdaq.com and their article: “Avid Technology Announces Conference Call to Discuss First Quarter 2018 Financial Results” published on May 02, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding …” with publication date: May 01, 2018.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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