Price Target Update on Schlumberger N.V. (NYSE:SLB)

Schlumberger N.V. (NYSE:SLB) : Currently there are 19 street experts covering Schlumberger N.V. (NYSE:SLB) stock. The most bullish and bearish price target for the stock is $110 and $68 respectively for the short term. The average price target of all the analysts comes to $88. The estimated standard deviation from the target is $9.59.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Schlumberger N.V. (NYSE:SLB). The rating major has initiated the coverage with conviction buy rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 23, 2016.

Schlumberger N.V. (NYSE:SLB): stock turned positive on Thursday. Though the stock opened at $78.99, the bulls momentum made the stock top out at $79.59 level for the day. The stock recorded a low of $78.69 and closed the trading day at $79.59, in the green by 1.69%. The total traded volume for the day was 4,734,419. The stock had closed at $78.27 in the previous days trading.

The company shares have dropped -9.69% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $87.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $76.29 and the 200 Day Moving Average price is recorded at $72.97. On the companys insider trading activities, The director officer (Chief Executive Officer), of Schlumberger Ltd /Nv/, Kibsgaard Paal had unloaded 32,857 shares at $80 per share in a transaction on June 9, 2016. The total value of transaction was $2,628,560. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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