Schlumberger Limited. (SLB) was Reiterated by Scotia Howard Weil to “Sector Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 90 from a previous price target of $80 . Scotia Howard Weil advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Schlumberger Limited.. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Schlumberger Limited. was Upgraded by Societe Generale to ” Buy” on Jul 19, 2016. Scotia Howard Weil Downgraded Schlumberger Limited. on May 12, 2016 to ” Sector Outperform”, Price Target of the shares are set at $80.
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. opened for trading at $79.43 and hit $80.83 on the upside on Wednesday, eventually ending the session at $80.6, with a gain of 0.99% or 0.79 points. The heightened volatility saw the trading volume jump to 59,37,862 shares. Company has a market cap of $100,938 M.
In a different news, on Jun 10, 2016, Paal Kibsgaard (Chief Executive Officer) sold 32,857 shares at $80.00 per share price. According to the SEC, on Jun 8, 2016, Patrick Schorn (President) sold 9,128 shares at $80.27 per share price. On May 31, 2016, Lubna S. Olayan (director) purchased 1,500 shares at $77.07 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.