Schlumberger Ltd. Sets New 1-Year High at $89.79 (SLB)
Schlumberger (NYSE:SLB) set a new 52-week high during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as high as $89.79 and last traded at $89.69, with a volume of 5,154,278 shares. The stock had previously closed at $89.05.
SLB has been the subject of a number of recent research reports. Analysts at Howard Weil raised their price target on shares of Schlumberger (NYSE:SLB) from $93.00 to $100.00 in a research note to investors on Wednesday. They now have a “focus stock” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and a consensus target price of $94.88.
Schlumberger has a 1-year low of $66.85 and a 1-year high of $89.72. The stock’s 50-day moving average is $84.81 and its 200-day moving average is $77.9. The company has a market cap of $118.6 billion and a price-to-earnings ratio of 19.41.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 19th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Schlumberger will post $4.75 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.