Schlumberger Given “Hold” Rating at TheStreet (SLB)
Schlumberger (NYSE:SLB)‘s stock had its “hold” rating reiterated by stock analysts at TheStreet in a report issued on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
Schlumberger (NYSE:SLB) traded down 0.03% on Thursday, hitting $88.54. 1,351,535 shares of the company’s stock traded hands. Schlumberger has a 52-week low of $66.85 and a 52-week high of $89.72. The stock has a 50-day moving average of $83.84 and a 200-day moving average of $77.62. The company has a market cap of $117.2 billion and a price-to-earnings ratio of 19.31.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $11.18 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Schlumberger will post $4.75 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Schlumberger (NYSE:SLB) from $104.00 to $123.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Wednesday, August 7th. They now have a $86.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Schlumberger (NYSE:SLB) from $85.00 to $97.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and a consensus target price of $94.58.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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