Schlumberger Limited. (SLB) is Reiterated by Cowen to Outperform, Raises Price Target to $ 85

Schlumberger Limited. (SLB) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 85 from a previous price target of $75 . Cowen advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on Schlumberger Limited.. Company shares were Upgraded by Barclays on Apr 20, 2016 to ” Overweight”, Firm has raised the Price Target to $ 93 from a previous price target of $83 .Schlumberger Limited. was Downgraded by Standpoint Research to ” Hold” on Apr 20, 2016. Schlumberger Limited. was Initiated by Nomura to “Buy” on Apr 8, 2016.

On the company’s financial health, Schlumberger Limited. reported $0.40 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $6520.00 million for the quarter, compared to analysts expectations of $6533.64 million. The company’s revenue was down -36.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

Schlumberger Limited. closed down -0.34 points or -0.42% at $79.93 with 99,33,393 shares getting traded on Friday. Post opening the session at $77.72, the shares hit an intraday low of $77.72 and an intraday high of $81.015 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 3, 2016, Sherif Foda (President Production Group) sold 197 shares at $74.09 per share price. According to the SEC, on Jan 25, 2016, Mark Danton (Vice President-Director of Tax) sold 2,294 shares at $65.92 per share price. On Jan 25, 2016, Howard Guild (Chief Accounting Officer) sold 2,305 shares at $65.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Schlumberger N.V. is a supplier of technology integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups which include Reservoir Characterization Group which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group which consists of the principal technologies involved in the drilling and positioning of oil and gas wells and Production Group which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services Completions Artificial Lift Well Intervention Water Services and the Schlumberger Production Management field production projects.

Schlumberger Limited.

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