Schlumberger N.V. (SLB) Receives Price Target

Schlumberger N.V. (SLB) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $110 and the lowest price target forecast is $74. The average forecast of all the analysts is $93.61 and the expected standard deviation is $9.23.

Schlumberger N.V. (SLB) : The consensus on Schlumberger N.V. (SLB) based on 25 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 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).


Also, Brokerage firm Nomura maintains its rating on Schlumberger N.V. (NYSE:SLB). As per the latest information, the brokerage house raises the price target to $91 per share from a prior target of $88. The shares have been rated Buy. The rating by the firm was issued on August 16, 2016.

Schlumberger N.V. (NYSE:SLB): The stock opened at $78.44 on Thursday but the bulls could not build on the opening and the stock topped out at $79.13 for the day. The stock traded down to $78.24 during the day, due to lack of any buying support eventually closed down at $78.96 with a loss of -0.05% for the day. The stock had closed at $79.00 on the previous day. The total traded volume was 6,705,181 shares.

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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