Schlumberger N.V. (SLB) Receives ‘Analyst’ Rating

Schlumberger N.V. (SLB) has an average broker rating of 1.6, which is interpreted as a Buy, as rated by 25 equity analysts. Nonetheless, 18 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Schlumberger N.V. (SLB) : 18 Wall Street analysts covering Schlumberger N.V. (SLB) believe that the average level the stock could reach for the short term is $93.5. The maximum price target given is $110 and the minimum target for short term is around $74, hence the standard deviation is calculated at $9.22.


Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Schlumberger N.V. (NYSE:SLB). Nomura has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $91 per share from a prior target of $88. The rating by the firm was issued on August 16, 2016.

Schlumberger N.V. (NYSE:SLB): After opening at $76.16, the stock dipped to an intraday low of $76.09 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.15 and the buying power remained strong till the end. The stock closed at $76.8 for the day, a gain of 0.56% for the day session. The total traded volume was 5,209,370. The stocks close on the previous trading day was $76.37.

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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