Short Term Price Target on Schlumberger N.V. (SLB)

Schlumberger N.V. (NYSE:SLB) : The most positive equity analysts on Schlumberger N.V. (NYSE:SLB) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $68 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $88 with an expected fluctuation of $9.59 from the mean.

Schlumberger Limited has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 4.24% in the last 4 weeks. Schlumberger Limited is up 10.36% in the last 3-month period. Year-to-Date the stock performance stands at 14.94%. Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Schlumberger N.V. (NYSE:SLB).The analysts at the brokerage house have a current rating of Conviction Buy 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) : Zacks Investment Research ranks Schlumberger N.V. (NYSE:SLB) as 5, which is a Strong Sell recommendation. 18 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 27 research analysts is 1.67, which indicates as a Buy.

Schlumberger N.V. (NYSE:SLB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.96 and $77.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.08, notching a gain of 1.61% for the day. The total traded volume was 4,941,269 . The stock had closed at $77.83 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Kibsgaard Paal, director officer (Chief Executive Officer) of Schlumberger Ltd /Nv/, had unloaded 32,857 shares at an average price of $80 in a transaction dated on June 9, 2016. The total value of the transaction was worth $2,628,560.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.