Analyst Rating Update on Schlumberger N.V. (SLB)

Schlumberger N.V. (SLB) : The consensus on Schlumberger N.V. (SLB) based on 25 analyst recommendation on the company stock is 1.64, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 17 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Schlumberger N.V. (SLB).

Schlumberger N.V. (SLB) : Average target price received by Schlumberger N.V. (SLB) is $92.89 with an expected standard deviation of $9.44. The most aggressive target on the stock is $110, whereas the most downbeat target is $74. 18 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs maintains its rating on Schlumberger N.V. (NYSE:SLB). The global brokerage major raises the current price target from $94 per share to $100 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on July 25, 2016.


Schlumberger N.V. (NYSE:SLB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.71 and $78.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.62, notching a gain of 0.93% for the day. The total traded volume was 5,416,202 . The stock had closed at $78.89 on the previous day.

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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