Schlumberger N.V. (SLB) : The highest short term price target forecast on Schlumberger N.V. (SLB) is $110 and the lowest target price is $68. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $88.21 with a standard deviation of $9.39.
Schlumberger N.V. (SLB) has shown a drop of 10.9% or 1,700,629 shares in the short positions. The bets have increased to 13,909,937 shares on June 30,2016 from 15,610,566 shares on June 15,2016. With respect to the floated shares, the shorts are 1%. The days to cover are calculated to be 2, using the standard per day volume of 6,049,049 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Goldman Sachs upgrades its outlook on Schlumberger N.V. (NYSE:SLB). The current rating of the shares is Conviction Buy, according to the research report released by the firm. Previously, the company had a rating of Buy. 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 $79.77, the bulls momentum made the stock top out at $79.93 level for the day. The stock recorded a low of $78.9839 and closed the trading day at $79.1, in the green by 0.28%. The total traded volume for the day was 3,817,559. The stock had closed at $78.88 in the previous days trading.
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.